Cost of Living in New Richmond, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
127.1
100 = national avg
+27.1 vs national average
Living Wage (1 Adult)
$55,906
per year
Living Wage (Family of 4)
$132,142
per year
Cost Index by Category
Housing132.5
Food116.9
Transportation133.8
Healthcare113.5
Utilities116.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in New Richmond is 127.1, which is 27.1% above the national average. Housing costs are above the national average at an index of 132.5. A single adult needs to earn approximately $55,906 per year to cover basic expenses.