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Cost of Living in Racine County

Is it better to rent or buy in Racine County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$81,200
$1,143/mo

Median in area: $1,143

$254,207

Median in area: $254,207

$50,841

If you Rent

🔑
$1,342 /mo
Base Rent$1,143
Est. Utilities$199
% of Income19.8%
Pre-tax Residual$5,425

If you Buy

🏠
$1,954 /mo
P&I (7.108%)$1,368
Taxes & Ins$387
Est. Utilities$199
% of Income28.9%
Pre-tax Residual$4,813

Compare Nearby Areas

See how Racine County stacks up against neighboring areas.

countyAllegan County, MI
$1,134/mo
countyWaukesha County, WI
$1,460/mo
countyWalworth County, WI
$1,161/mo
countyMilwaukee County, WI
$1,156/mo
countyKenosha County, WI
$1,269/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Racine County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Racine County. The estimated all-in monthly cost for renting is $1,342, while owning a median-priced home with a 20% down payment is roughly $1,954 per month (a difference of $612).

How much do utilities cost in Racine County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Racine County is approximately $199. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Racine County?›

To comfortably afford the median rent and utilities in Racine County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $53,680 per year.