Cost of Living in Algoma, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.6
100 = national avg
-6.4 vs national average
Living Wage (1 Adult)
$41,166
per year
Living Wage (Family of 4)
$97,301
per year
Cost Index by Category
Housing88.4
Food97.6
Transportation95.2
Healthcare98.1
Utilities96.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$931
per month
2 Bedroom
$1,164
per month
The overall cost of living index in Algoma is 93.6, which is 6.4% below the national average. Housing costs are below the national average at an index of 88.4. A single adult needs to earn approximately $41,166 per year to cover basic expenses.