Total monthly cost of ownership
Cost to Own a Home in Phillips, Wisconsin
A $93,000 home here costs
$986per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $478. The real number is $507 higher every month — 106% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Phillips against Price County and Wisconsin
| Measure | Phillips | Price County |
|---|---|---|
| Median home value | $93,000 | $146,000 |
| Median property tax | $1,926 | $2,110 |
| Effective tax rate | 2.071% | 1.445% |
| Median gross rent | $808 | $801 |
| Population | 1,546 | 14,077 |
The weather behind that power bill
Phillips sits in Price County, which averages a high of 78.7°F in its hottest month and a low of 0.5°F in its coldest, with 32.37" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 269 cooling and 9,082 heating degree days, which is what sets the $177 electricity line above.
See the full climate breakdown for Price County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Price County
Full Price County cost breakdown · Every county in Wisconsin
Common questions
How much does it cost to own a home in Phillips?
A $93,000 home in Phillips, Wisconsin costs approximately $986 per month with 20% down at 6.66%. That is $478 principal and interest, $161 property tax, $24 homeowners insurance, $245 utilities and $78 set aside for maintenance.
What is the property tax rate in Phillips?
Phillips has an effective property tax rate of 2.071%, based on a median home value of $93,000 and median real estate taxes of $1,926. That is higher than the Price County average of 1.445%.
What is the average home price in Phillips?
The median owner-occupied home value in Phillips, Wisconsin is $93,000, against $146,000 across Price County.
Is it cheaper to rent or buy in Phillips?
Median gross rent in Phillips is $808 a month, against $986 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Phillips — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Wisconsin.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.