Cost of Living in Oconomowoc Lake, WI

F
135%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
447%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Oconomowoc Lake Wisconsin National
Cost of living23596100
Goods & Services9997100
Groceries10399100
Health care111112100
Housing54788100
Transportation9998100
Utilities105102100
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Cost Of Living Quick Facts

  • The cost of living in Oconomowoc Lake is 145% higher than the Wisconsin average
  • The cost of living in Oconomowoc Lake is 135% higher than the national average
  • Oconomowoc Lake housing is 447% higher than the national average
  • Wisconsin general sales tax is 2% lower than the national average
  • Wisconsin state income tax is 36% higher than the national average

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Compare Oconomowoc Lake, WI Cost of Living

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      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$248,750$20,729$5,804$7,463
      Renters$0$0$0$0

      Wisconsin Sales Tax

      State General Sales Tax With Max Surtax
      Wisconsin 5% 6.75%

      Wisconsin Income Tax

      State Income Tax (Low) Income Tax (High)
      Wisconsin 3.54% 7.65%

      Goods & Services

      Item Oconomowoc Lake National avg. Difference
      Haircut $20.21$24.2616.7%
      Beauty Salon $33.25$45.5627.0%
      Toothpaste $3.66$3.701.1%
      Shampoo $1.07$1.2816.6%
      Movie $10.26$12.1315.5%
      Bowling $10.03$18.0044.3%

      Groceries

      Item Oconomowoc Lake National avg. Difference
      Ground Beef $6.05$5.843.5%
      Fried Chicken $1.46$1.577.3%
      Milk $4.55$4.672.7%
      Potatoes $4.10$4.9317.0%
      Pizza $11.33$12.096.3%
      Beer $8.52$10.4118.2%

      Health Care

      Item Oconomowoc Lake National avg. Difference
      Optometrist $278.65$125.68121.7%
      Doctor $223.73$135.7864.8%
      Dentist $106.79$113.295.7%
      Ibuprofen $10.29$10.653.4%
      Lipitor $469.65$468.600.2%

      Housing

      Item Oconomowoc Lake National avg. Difference
      Home Price $1,010,000.00$184,700.00446.8%
      Avg. Mortgage Payment $1,879.64$2,346.6919.9%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      Item Oconomowoc Lake National avg. Difference
      Gasoline $3.30$3.464.5%
      Tire Balancing $44.14$59.9226.3%

      Utilities

      Item Oconomowoc Lake National avg. Difference
      All Electricity $182.69$193.995.8%
      Phone $185.79$192.253.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Clyman, WI3529010.5%
      Neosho, WI637945.7%
      Lannon, WI1,184964.2%
      Watertown, WI23,5611000.4%
      Helenville, WI2451021.9%
      Oconomowoc Lake, WI621235134.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Brevig Mission, AK6211099.3%
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      Page Park, FL621990.9%
      Waikane, HI62119898.5%
      Fallon Station, NV6211033.4%
      Oconomowoc Lake, WI621235134.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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