Cost of Living in Baileys Harbor, WI

With a cost of living index of 102, Baileys Harbor, WI is right around the national average in cost. Living here is 2% more expensive than the national average and 23% above the Wisconsin state average of 79. Baileys Harbor is a small community of 280 residents.

Housing costs are the biggest factor in Baileys Harbor's cost of living. The median monthly rent is $1,324 (0% below the US median of $1,319), and the median home value sits at $351,400 (15% above the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Baileys Harbor is $71,800, which is 4% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.