Cost of Living in Beloit, WI
Population 36,554 · Wisconsin · Data vintage 2023
(100 = US avg)
Most of Beloit's cost indicators track within a reasonable band of national figures, with median household incomes near $59,975 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail. Unemployment has stayed elevated relative to the national figure — 6.3% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Beloit sits roughly 20 miles north of Rockford — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 10% higher than Rockford's $121,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Beloit
The median home value in Beloit is $133,500 — 56% below the national median of $305,000. Median rent runs $989/month, 25% lower than the national median of $1,314/month. The median household income of $59,975/year is 20% lower than the US median of $74,580. The local unemployment rate is 6.3%, above the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. Overall, Beloit has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Beloit, WI?
Beloit has a cost index of 56 (100 = national average). It is 44% below the national average.
What is average rent in Beloit, WI?
The median gross rent in Beloit is $989 per month based on 2023 Census data.
What is the average home price in Beloit?
The median home value in Beloit is $133,500 according to Zillow and Census data.
What is the median income in Beloit?
The median household income in Beloit is $59,975 per year (2023 ACS 5-year estimates).
What is the sales tax in Beloit, WI?
The combined state and local sales tax rate in Beloit is 5.4%. The Wisconsin state income tax top rate is 7.7%.
Is Beloit, WI affordable?
Yes, Beloit is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.
Beloit at a Glance
- Population
- 36,554
- Median Income
- $59,975
- Home Value
- $133,500
- Median Rent
- $989/mo
- Unemployment
- 6.3%
- Sales Tax
- 5.4%
Nearby Cities
Explore county-level cost of living data
Wisconsin Rankings
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