The median home price in Green Bay is $255,000, below the national median of $420,000. With a median household income of $58,000, the price-to-income ratio is 4.4x — meaning buyers typically spend 4.4 years of gross income on the purchase price.
Property taxes in Green Bay run 2.15% of assessed value. On the median home, that is $5,483 per year, or $457 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Wisconsin has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Green Bay is 90 (national average = 100). Beyond housing, your everyday expenses will also run below the national average.