MyNeighborhood

Can you afford to live in Racine?

Median household income, home values and rent in Racine, WI — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Racine.

Median household income: $55,705 — +34.4% since 2015 (not adjusted for inflation)

Median gross rent: $983/mo — +32.1% since 2015

Median home value, 2015 to 2023

  • 2015: 110900
  • 2023: 158100

Median household income

  • Racine: 55705
  • Racine County: 75331
  • WI: 75670
  • U.S.: 78538

Median gross rent

  • Racine: 983
  • Racine County: 1017
  • WI: 1045
  • U.S.: 1348

Share of income a typical renter spends on rent: 29.8% — U.S.: 30.2%

What it means

The typical household here earns $55,705 — far lower than the national figure of $78,538.

The typical renter here spends 29.8% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+34.4% versus +32.1%), before adjusting for inflation.

Sources

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