Beloit, WI vs Grafton, WI

There is a significant gap in the cost of living between these two cities. Beloit is 21.9% cheaper than Grafton. With a cost index of 73 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beloit to Grafton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Beloit is $989/month compared to $1,162/month in Grafton — a 15% difference. Home values follow the same pattern: Beloit is more affordable at $133,500 median vs $301,300.

Median household income in Beloit is $59,975 compared to $88,634 in Grafton (-32.3%). While Grafton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beloit spend roughly 19.8% of their income on rent, more than the 15.7% in Grafton.