Total monthly cost of ownership
Cost to Own a Home in Phillips, Wisconsin
A $93,000 home here costs
$962per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $41,000 a year.
A standard mortgage calculator would have told you $507. The real number is $455 higher every month, 90% more than the payment most buyers budget for.
Compare Price County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Phillips from a five-year rolling sample, and with about 1,546 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Price County figures are drawn from a far larger sample if you want a steadier number.
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 $125 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
Talk to someone who works this market
These are Phillips averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Phillips every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Phillips I already own here and may sell
Common questions
How much does it cost to own a home in Phillips?
A $93,000 home in Phillips, Wisconsin costs approximately $962 per month with 20% down at 7.24%. That is $507 principal and interest, $161 property tax, $24 homeowners insurance, $193 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 $962 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Phillips?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Phillips, Wisconsin at today's rate takes a household income of roughly $41,000 a year. That covers the full $962 monthly cost, not just the mortgage payment.
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.