Cost of Living in Washburn, WI

With a cost of living index of 71, Washburn, WI is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and 8% below the Wisconsin state average of 79. Washburn is a small community of 1,858 residents.

Housing costs are the biggest factor in Washburn's cost of living. The median monthly rent is $779 (41% below the US median of $1,319), and the median home value sits at $174,100 (43% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Washburn is $60,288, which is 20% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.