Cost of living in Rice Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Rice Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Rice Lake is 91, with 100 being the average.
The cost of living index in Rice Lake is 0.9x lower than the national average.
Rice Lake ranks as the #39 cheapest in Wisconsin out of 143.
Rice Lake ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Rice Lake is $152,200.
The median income in Rice Lake is $41,505.
According to the most recent data on the cost of living, Rice Lake has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Wisconsin, Rice Lake has a cost of living index that's 1.0x lower than Wisconsin's index of 95.
The standard of living in Rice Lake ranks as #39 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Rice Lake ranks as the #104 most expensive place in the Badger State.
For more reading on life in Rice Lake, check out:
Six factors go into calculating the cost of living index in Rice Lake. Here is how it fairs on each of the criteria:
The Services index in Rice Lake is 102.
The Groceries index in Rice Lake is 95.
The Health index in Rice Lake is 109.
The Housing index in Rice Lake is 63.
The Transportation index in Rice Lake is 100.
The Utilities index in Rice Lake is 105.
|Living Expense||Rice Lake||Wisconsin||National Average|
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Rice Lake is $152,200.
The Median Rent in Rice Lake is $781.
The Median Income in Rice Lake is $41,505.
The Home Value To Income in Rice Lake is 3.7x.
The Rent To Monthly Income in Rice Lake is 0.23x.
|Statistic||Rice Lake||Wisconsin||United States|
|Median Home Value||$152,200||$200,400||$244,900|
|Home Value To Income||3.7x||3.0x||3.5x|
|Rent To Monthly Income||0.23x||0.16x||0.2x|
The cost of living varies in the cities and towns around Rice Lake. Here's a quick look at the cost of living in the most populous nearby places:
Eau Claire, WI has a cost of living index of 93, 1.0x Rice Lake.
Menomonie, WI has a cost of living index of 93, 1.0x Rice Lake.
Chippewa Falls, WI has a cost of living index of 92, 1.0x Rice Lake.