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Cost of Living in Janesville, WI

Population 66,030 · Census ACS 2020–2024 5-year estimates

Median rent$1,054
Median home value$223,400
Median household income$73,446

The median rent in Janesville, WI is $1,054/month, 3% lower than the Wisconsin median and 25% lower than the U.S. median. The median home value is $223,400, 33% lower than the national median. Households earn a median of $73,446 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 17.2%
Income needed for median rent (30% rule): $42,160/yr
Home price-to-income ratio: 3.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,130/mo

Run your own numbers: mortgage calculator · hourly to salary

Janesville vs. Wisconsin vs. U.S.

JanesvilleWisconsinU.S.
Median rent$1,054$1,087$1,413
Median home value$223,400$266,500$332,700
Median household income$73,446$77,485$80,734
Homeownership rate67.3%67.8%65.2%
Bachelor's degree or higher27.3%33.4%35.7%
Poverty rate9.0%10.6%12.5%
Unemployment rate4.1%3.2%5.2%
Work from home9.5%13.1%15.1%
Median age40.740.238.9

FAQ

What is the average rent in Janesville, WI?

The median gross rent in Janesville, WI is $1,054 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Janesville, WI?

Using the common 30% rule, renting a median-priced home takes about $42,160 a year in gross income.

Is Janesville, WI expensive to live in?

Rent there is 25% lower than the U.S. median, and the median home costs about 3.0 times the median household income.

Other cities in Wisconsin

Milwaukee, WIRent $1,059 · Income $54,234Madison, WIRent $1,413 · Income $78,050Green Bay, WIRent $932 · Income $66,206Kenosha, WIRent $1,186 · Income $71,239Racine, WIRent $1,033 · Income $57,740Appleton, WIRent $1,030 · Income $80,483

Cities with a similar cost of living

Midland, MIRent $1,048 · Income $73,325Garden City, KSRent $1,052 · Income $72,865Kettering, OHRent $1,051 · Income $74,681Idaho Falls, IDRent $1,075 · Income $73,110Benton, ARRent $1,072 · Income $72,876Cuyahoga Falls, OHRent $1,038 · Income $72,705

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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