Cost of Living in Waunakee, WI

Population 14,927 · Wisconsin · Data vintage 2023

134
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Waunakee is a smaller Wisconsin community of around 15000 residents, where median household incomes of $128,750 and housing costs ($490,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 1.5% — below most comparable cities in the state.

Geographically, Waunakee sits roughly 7 miles north of Madison. Median home values run roughly 41% higher than Madison's $347,000.

Cost Overview

Housing 161
Rent 94

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Waunakee

The median home value in Waunakee is $490,300 — 61% above the national median of $305,000. Median rent runs $1,236/month, 6% lower than the national median of $1,314/month. The median household income of $128,750/year is 73% higher than the US median of $74,580. The local unemployment rate is 1.5%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. The climate averages highs of 56.5°F and lows of 37.6°F, with about 51.8" of annual snowfall. Overall, Waunakee has a cost of living index of 134 versus the US average of 100, meaning it is 34% more expensive.

🏠 Housing

Median Home Value
$490,300
61% above avg
Zillow Home Value
$569,651
Zillow ZHVI
Median Rent
$1,236/mo
6% below avg
Price-to-Rent Ratio
33.1x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$712
1 BR
$781
2 BR
$997
3 BR
$1,290
4 BR
$1,448
Owner-occupied 76.9%
Renter-occupied 23.1%

💰 Estimated Monthly Budget

Rent median rent
$1,236
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,850/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
18.9%

Commute Mode

Drove alone
69.8%
Carpooled
8.5%
Walked
2.0%
Bicycle
0.4%
Work from home
18.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.7%
Total Sales Tax 5.4%
State rate 5.0%
Avg local rate 0.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$128,750
73% above avg
Per Capita Income
$62,751
Unemployment Rate
1.5%
70% below avg
Poverty Rate
3.7%
Labor Force Participation
69.7%

🎓 Education

Bachelor's degree+ 39.7%
Graduate degree 22.3%

👥 Demographics

Median Age 39.9
Male median age 39.7
Female median age 40.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.5°F
Avg Low
37.6°F
Annual Precip
37.1"
Annual Snowfall
51.8"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 273144576979828073604532
Low °F 121525364757626051402918
Precip" 1.471.522.263.784.105.284.514.163.432.772.221.63
Snow" 13.712.87.02.60.10.00.00.00.00.63.012.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 50 — Good
50.4%
Good air days/yr
268
Max AQI recorded
260
PM2.5 days
105
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
13.7:1
Student-teacher ratio
7
Public schools
4,375
Total enrollment

Frequently Asked Questions

What is the cost of living in Waunakee, WI?

Waunakee has a cost index of 134 (100 = national average). It is 34% above the national average.

What is average rent in Waunakee, WI?

The median gross rent in Waunakee is $1,236 per month based on 2023 Census data.

What is the average home price in Waunakee?

The median home value in Waunakee is $490,300 according to Zillow and Census data.

What is the median income in Waunakee?

The median household income in Waunakee is $128,750 per year (2023 ACS 5-year estimates).

What is the sales tax in Waunakee, WI?

The combined state and local sales tax rate in Waunakee is 5.4%. The Wisconsin state income tax top rate is 7.7%.

Is Waunakee, WI affordable?

Waunakee is above average in cost of living, with an index of 134 — about 34% higher than the national average.

What is the weather like in Waunakee?

Waunakee has average high temperatures of 56.5°F and average lows of 37.6°F. Annual precipitation is 37.1". Average annual snowfall is 51.8". Data from NOAA 1991–2020 Climate Normals.

Waunakee at a Glance

Population
14,927
Median Income
$128,750
Home Value
$490,300
Median Rent
$1,236/mo
Unemployment
1.5%
Avg High Temp
56.5°F
Sales Tax
5.4%
View all cities in Wisconsin →
🗺️ County data for Wisconsin

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs