New Richmond, WI, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for New Richmond is 91, which is 9% lower than the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous items more affordable for residents and job seekers in New Richmond compared to the rest of the country.
New Richmond, Wisconsin, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 85, which means it is 15% cheaper than the national average. This makes housing in New Richmond an attractive option for those looking to save on living expenses. Additionally, groceries cost 90% of the national average, providing a small but noticeable savings on food costs.
Utilities in New Richmond are priced at 95% of the national average, indicating a slight increase but still remaining relatively affordable. Transportation costs are close to the national average, with an index of 98, meaning they are only 2% higher. Healthcare costs are slightly lower, at 88% of the national average, offering potential savings for those with healthcare needs. Miscellaneous expenses, which include items like entertainment and personal care, are at 92% of the national average, reflecting a minor increase in these costs. Overall, New Richmond provides a cost of living that is generally more affordable than the national average, making it an appealing choice for many.
