Cost of Living in Neosho, WI

With a cost of living index of 78, Neosho, WI is a very affordable place to live. Living here is 22% cheaper than the national average and in line with the Wisconsin state average. Neosho is a small community of 606 residents.

Housing costs are the biggest factor in Neosho's cost of living. The median monthly rent is $839 (36% below the US median of $1,319), and the median home value sits at $238,300 (22% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Neosho is $79,375, which is 6% higher than the national median of $75,149. Residents spend roughly 13% 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.