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These days, finding an affordable place to live in the Wisconsin area can be challenging. Home prices in Wisconsin are now at a median cost of $220,185, lower than the the United States average of $313,691.
The average cost of rent is $975/mo in Wisconsin, primarily driven by the current value of real estate in the Wisconsin area. While nearly 37.69% of residents own their homes outright in Wisconsin, 29.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wisconsin is $6,217 per month. Households that rent pay about 15.67% of their income on rent here. Wisconsin's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the state.
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