Cost of Living in Independence, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
92.2
100 = national avg
-7.8 vs national average
Living Wage (1 Adult)
$40,563
per year
Living Wage (Family of 4)
$95,876
per year
Cost Index by Category
Housing96.4
Food92.0
Transportation88.2
Healthcare93.6
Utilities94.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$753
per month
2 Bedroom
$988
per month
The overall cost of living index in Independence is 92.2, which is 7.8% below the national average. Housing costs are below the national average at an index of 96.4. A single adult needs to earn approximately $40,563 per year to cover basic expenses.