A new analysis from home warranty experts at Cinch Home Services has examined state-by-state homeownership costs, including mortgage payments, property taxes, and maintenance fees, and determined that Wisconsin ranks 29th in the U.S. for annual home expenses.
Wisconsin residents pay approximately $27,483 per year in housing expenses — 12% below the national average.
With the median home in Wisconsin costing approximately $285,000, the annual mortgage payments accumulate to $20,436. Wisconsin’s average property tax stands at 1.61%, which adds an additional $4,589 in expenses for the same-priced home, alongside annual maintenance costs of $2,458.
Hawaii has the highest annual housing costs in the U.S., reaching up to $65,000, while West Virginia residents pay an estimated $14,500.
