Cost of Living in Beloit, WI
Population 36,534 · Census ACS 2020–2024 5-year estimates
The median rent in Beloit, WI is $1,066/month, about the same as the Wisconsin median and 25% lower than the U.S. median. The median home value is $156,500, 53% lower than the national median. Households earn a median of $62,663 a year, 19% lower than the state median.
Affordability
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Beloit vs. Wisconsin vs. U.S.
| Beloit | Wisconsin | U.S. | |
|---|---|---|---|
| Median rent | $1,066 | $1,087 | $1,413 |
| Median home value | $156,500 | $266,500 | $332,700 |
| Median household income | $62,663 | $77,485 | $80,734 |
| Homeownership rate | 59.4% | 67.8% | 65.2% |
| Bachelor's degree or higher | 17.9% | 33.4% | 35.7% |
| Poverty rate | 15.0% | 10.6% | 12.5% |
| Unemployment rate | 5.3% | 3.2% | 5.2% |
| Work from home | 6.9% | 13.1% | 15.1% |
| Median age | 33.8 | 40.2 | 38.9 |
FAQ
What is the average rent in Beloit, WI?
The median gross rent in Beloit, WI is $1,066 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Beloit, WI?
Using the common 30% rule, renting a median-priced home takes about $42,640 a year in gross income.
Is Beloit, WI expensive to live in?
Rent there is 25% lower than the U.S. median, and the median home costs about 2.5 times the median household income.
Other cities in Wisconsin
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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