Beloit, WI vs Racine, WI

Beloit, WI and Racine, WI have a very similar cost of living, with only a 4.1% difference in their overall index. Beloit scores 73 while Racine scores 76 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Beloit is $989/month compared to $983/month in Racine — a 1% difference. Interestingly, home values tell a different story: while Racine has cheaper rent, Beloit actually has lower median home values ($133,500 vs $158,100).

Median household income in Beloit is $59,975 compared to $55,705 in Racine (+7.7%). Beloit offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Beloit spend roughly 19.8% of their income on rent, less than the 21.2% in Racine.