Cost of living in Beloit
Beloit, located in Wisconsin, offers a unique blend of small-town charm and urban amenities. Understanding the cost of living in Beloit is crucial for anyone considering moving to or residing in the city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $18 and $38.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $90, with prices ranging from $65 to $150.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8, with a range between $8 and $14.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $4 to $10, imported beer $6 to $12, cappuccino $4 to $8, and Coke/Pepsi $1.5 to $4.
Grocery Prices
- Milk - Milk is priced between $0.79 and $1.45 per liter, averaging $1.01.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.76 and $6.61, with an average price of $4.16.
- Eggs (Dozen) - A dozen eggs range from $1.99 to $6, averaging $3.75.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.18 to $8.82 per kg, while oranges range from $2.18 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $4.41 per kg, and lettuce costs $1 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.92 and $1.32 per liter.
- Taxi Fares - Taxi fares start at $3.25, with a cost of $1.4 to $3.11 per km and $25 to $40 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the centre averages $800.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $101.66 and $295, averaging $165.59.
- Internet - Internet services range from $40 to $100, with an average cost of $61.8.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Beloit offers a relatively affordable cost of living compared to larger cities, with moderate prices in dining and groceries.
Housing costs are reasonable, especially for those looking to rent outside the city centre.
Transportation and utility costs are manageable, making Beloit a cost-effective choice for residents.
Conclusion
In conclusion, Beloit, WI, presents a balanced cost of living that caters to a variety of lifestyles and budgets.
Whether you're dining out, shopping for groceries, or looking for housing, Beloit offers competitive prices that make it an attractive place to live.
For those considering a move, understanding these costs can help in making informed financial decisions.