Racine, WI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Racine, WI Summary

Cost of living in Racine 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 Racine 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 Racine is 86, with 100 being the average.

  • The cost of living index in Racine is 0.9x lower than the national average.

  • Racine ranks as the #15 cheapest in Wisconsin out of 143.

  • Racine ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Racine is $125,600.

  • The median income in Racine is $48,238.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Racine's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Racine, WI?

According to the most recent data on the cost of living, Racine has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.

Compared to Wisconsin, Racine has a cost of living index that's 0.9x lower than Wisconsin's index of 95.

The standard of living in Racine ranks as #15 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Racine ranks as the #128 most expensive place in the Badger State.

For more reading on life in Racine, check out:

15 out of 143
In Wisconsin
938 out of 6,412
In America

Racine Cost Of Living Vs. Wisconsin

Six factors go into calculating the cost of living index in Racine. Here is how it fairs on each of the criteria:

  • The Services index in Racine is 95.

  • The Groceries index in Racine is 97.

  • The Health index in Racine is 111.

  • The Housing index in Racine is 66.

  • The Transportation index in Racine is 90.

  • The Utilities index in Racine is 94.

Living Expense Racine Wisconsin National Average
Overall 86 95 100
Services 95 97 100
Groceries 97 98 100
Health 111 114 100
Housing 66 84 100
Transportation 90 96 100
Utilities 94 103 100
For more reading on cost of living around Wisconsin, check out:
Racine Cost of Living Vs. WI

Racine, WI Housing Cost Breakdown

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 Racine is $125,600.

  • The Median Rent in Racine is $893.

  • The Median Income in Racine is $48,238.

  • The Home Value To Income in Racine is 2.6x.

  • The Rent To Monthly Income in Racine is 0.22x.

Statistic Racine Wisconsin United States
Median Home Value $125,600 $200,400 $244,900
Median Rent $893 $916 $1,163
Median Income $48,238 $67,080 $69,021
Home Value To Income 2.6x 3.0x 3.5x
Rent To Monthly Income 0.22x 0.16x 0.2x
Search Homes For Sale In Racine, WI
$125,600
Median Home Value
$893
Median Rent
$48,238
Median Income

Racine, WI Costs By Category

Detailed Racine Services Costs Vs. Wisconsin

Item Racine Wisconsin
Shampoo $1.09 $1.06
Movie $11.14 $10.68
Bowling $16.27 $14.67
Haircut $22.22 $18.62
Beauty Salon $41.93 $39.05

Detailed Racine Groceries Costs Vs. Wisconsin

Item Racine Wisconsin
Ground Beef $4.05 $4.22
Fried Chicken $1.22 $1.39
Milk $1.98 $2.05
Potatoes $2.49 $3.29
Pizza $10.35 $10.62
Beer $7.84 $9.38
Toothpaste $2.24 $2.34

Detailed Racine Health Costs Vs. Wisconsin

Item Racine Wisconsin
Optometrist $60.0 $108.57
Doctor $175.4 $116.17
Dentist $101.1 $99.13

Detailed Racine Transportation Costs Vs. Wisconsin

Item Racine Wisconsin
Gasoline $2.01 $2.22
Tire Balancing $47.04 $50.07

Detailed Racine Utilities Costs Vs. Wisconsin

Item Racine Wisconsin
All Electricity $159.26 $167.67
Phone $178.69 $175.64

Racine SnackAbility

6
/10
Overall SnackAbility
Jobs
6/10
Housing
6
Affordability
6
Diversity
9.5
Safety
5
Amenities
10
Education
6
Commute
8

Cost Of Living In Cities Around Racine

The cost of living varies in the cities and towns around Racine. Here's a quick look at the cost of living in the most populous nearby places:

  • Kenosha, WI has a cost of living index of 91, 1.1x Racine.

  • Franklin, WI has a cost of living index of 104, 1.2x Racine.

  • Oak Creek, WI has a cost of living index of 99, 1.2x Racine.

City Population Cost Of Living Vs. Racine
Kenosha, WI 99,605 91 1.1x
Franklin, WI 36,685 104 1.2x
Oak Creek, WI 36,266 99 1.2x
Mount Pleasant, WI 27,572 97 1.1x
Caledonia, WI 25,288 97 1.1x
Muskego, WI 24,991 108 1.3x
Zion, IL 24,660 88 1.0x
Pleasant Prairie, WI 21,193 101 1.2x
South Milwaukee, WI 20,785 93 1.1x
Cudahy, WI 18,197 91 1.1x

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