Cost of Living in Caroline, WI

With a cost of living index of 93, Caroline, WI is slightly more affordable than average. Living here is 7% cheaper than the national average and 14% above the Wisconsin state average of 79. Caroline is a small community of 447 residents.

Housing costs are the biggest factor in Caroline's cost of living. The median monthly rent is $1,639 (24% above the US median of $1,319), and the median home value sits at $123,700 (59% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Caroline is $73,036, which is 3% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

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.