Racine, WI at a glance
Median household income
$57,740$4,812 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Racine, WI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Racine, WI? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Racine-Mount Pleasant, WI MSA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $851 | $10,212 | $34,040 | 17.7% |
| 1-Bedroom Apartment | $988 | $11,856 | $39,520 | 20.5% |
| 2-Bedroom ApartmentBenchmark | $1,235 | $14,820 | $49,400 | 25.7% |
| 3-Bedroom Home | $1,592 | $19,104 | $63,680 | 33.1% |
| 4-Bedroom Home | $1,962 | $23,544 | $78,480 | 40.8% |
What a typical income covers in Racine, WI
The 50/30/20 rule applied to the local median of $57,740 a year ($4,812 a month before tax).
What $57,740 leaves after Wisconsin taxes
Federal income tax, Social Security, Medicare and Wisconsin tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Wisconsin
Living in Racine, WI: common questions
What is the median household income in Racine, WI?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Racine, WI is $57,740 per year (approximately $4,812 per month).
What is the average rent in Racine, WI?
The closest official figure is HUD's Fair Market Rent for 2026: $851 for a studio, $988 for one bedroom, $1,235 for two, $1,592 for three and $1,962 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Racine, WI expensive to live in?
Prices there run 4% below the U.S. average. BEA's regional price parity for the metro area is 96.0, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Racine, WI?
To keep a $1,235 two-bedroom under 30% of gross income, a household needs about $49,400 a year, or $4,117 a month. That is 86% of what the typical household in Racine, WI earns.
How much do you need to live comfortably in Racine, WI?
On the local median income of $57,740 ($4,812 a month before tax), the 50/30/20 rule leaves $2,406 a month for needs like rent, utilities and groceries, $1,444 for everything else and $962 for savings or debt. A two-bedroom at $1,235 takes 51% of the needs share.
How much is the electric bill in Racine, WI?
Homes in Wisconsin paid 19.6¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $176. Your bill depends mostly on heating and cooling.