Oconomowoc Lake is located in Wisconsin and has an overall cost of living that is +61% compared to the national average. Understanding the full picture of living expenses — from housing and rent to grocery bills and healthcare — is essential when considering a move to Oconomowoc Lake.

Housing: Median rent in Oconomowoc Lake is $5,931 / month, and the median home price is $1,976,140. Housing costs are +270% compared to the national average, which significantly impacts monthly budgets.

Groceries: Daily essentials like bread ($4.12), milk ($4.77), and eggs ($4.71) reflect the local grocery landscape. Overall grocery costs are +1% vs the national average.

Healthcare: Medical costs include doctor visits ($154.75), dentist visits ($124.31), and prescription drugs ($22.40). These costs should be factored into your monthly budget when planning a move.

Wisconsin has a state income tax rate of 7.65%, which affects take-home pay for Oconomowoc Lake residents.

Explore More

Salary Calculator

Calculate what salary you need when moving to or from Oconomowoc Lake.

Cheapest US Cities

See the most affordable cities in the US ranked by cost index.

All Wisconsin Cities

Compare Oconomowoc Lake with all 151 cities in Wisconsin.

Oconomowoc Lake, Wisconsin Cost of Living FAQ

Common questions about living costs in Oconomowoc Lake.

Oconomowoc Lake, Wisconsin has an overall cost of living that is +61% the national average. Housing costs are +270% vs the national average. Grocery prices are +1% vs average. Utilities are -7% vs average. This makes Oconomowoc Lake a relatively expensive city.

The median rent in Oconomowoc Lake, Wisconsin is $5,931 / month. Average energy bills run $204.28 / month. Phone bills average $182.24 / month. Housing is typically the largest expense for residents.

Healthcare costs in Oconomowoc Lake: doctor's visit averages $154.75, dentist visit averages $124.31, prescription drugs average $22.40. Overall healthcare expenses in the area are influenced by the +1% grocery cost difference.

Oconomowoc Lake is one of 151 cities tracked in Wisconsin. With an overall cost +61% vs the national average, it tends to be pricier than some smaller communities. Visit our Wisconsin state page to compare all cities side-by-side and find the best fit for your budget.

Oconomowoc Lake offers cost of living +61% compared to the national average. Key factors to consider: median home price of $1,976,140, rent of $5,931 / month, and a state income tax of 7.65% in Wisconsin. Explore our detailed cost breakdown above to see if Oconomowoc Lake fits your budget.