Lake Geneva, WI Cost Of Living
Cost Of Living In Lake Geneva, WI Summary
Cost of living in Lake Geneva research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Lake Geneva is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Lake Geneva is 98, with 100 being the average.
The cost of living index in Lake Geneva is 1.0x lower than the national average.
Lake Geneva ranks as the #65 cheapest in Wisconsin out of 146.
Lake Geneva ranks as the #2,372 cheapest out of 6,489 in the US.
The median home value in Lake Geneva is $396,665.
The median income in Lake Geneva is $73,199.
Table Of Contents
Lake Geneva's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Lake Geneva, WI?
According to the most recent data on the cost of living, Lake Geneva has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Wisconsin, Lake Geneva has a cost of living index that's 1.0x higher than Wisconsin's index of 95.
The standard of living in Lake Geneva ranks as #65 most affordable out of the 146 places we measured in Wisconsin. By definition, that implies Lake Geneva ranks as the #81 most expensive place in the Badger State.
For more reading on life in Lake Geneva, check out:
In Wisconsin
In America
Lake Geneva Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Lake Geneva. Here is how it fairs on each of the criteria:
The Services index in Lake Geneva is 88.
The Groceries index in Lake Geneva is 98.
The Health index in Lake Geneva is 103.
The Housing index in Lake Geneva is 113.
The Transportation index in Lake Geneva is 111.
The Utilities index in Lake Geneva is 88.
| Living Expense | Lake Geneva | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 98 | 95 | 100 | |
| Services | 88 | 98 | 100 | |
| Groceries | 98 | 100 | 100 | |
| Health | 103 | 111 | 100 | |
| Housing | 113 | 88 | 100 | |
| Transportation | 111 | 100 | 100 | |
| Utilities | 88 | 102 | 100 | |
Lake Geneva, WI Housing Cost Breakdown
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Lake Geneva is $396,665.
The Median Rent in Lake Geneva is $1,250.
The Median Income in Lake Geneva is $73,199.
The Home Value To Income in Lake Geneva is 5.4x.
The Rent To Monthly Income in Lake Geneva is 0.2x.
| Statistic | Lake Geneva | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $396,665 | $328,216 | $303,400 |
| Median Rent | $1,250 | $1,045 | $1,348 |
| Median Income | $73,199 | $75,670 | $78,538 |
| Home Value To Income | 5.4x | 4.3x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Lake Geneva, WI Costs By Category
Detailed Lake Geneva Services Costs Vs. Wisconsin
| Item | Lake Geneva | Wisconsin |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $12.73 | $12.13 |
| Bowling | $12.67 | $18 |
| Haircut | $19.94 | $24.26 |
| Beauty Salon | $36.22 | $45.56 |
Detailed Lake Geneva Groceries Costs Vs. Wisconsin
| Item | Lake Geneva | Wisconsin |
|---|---|---|
| Ground Beef | $5.72 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.82 | $4.93 |
| Pizza | $10.99 | $12.09 |
| Beer | $9.56 | $10.41 |
| Toothpaste | $3.58 | $3.7 |
Detailed Lake Geneva Health Costs Vs. Wisconsin
| Item | Lake Geneva | Wisconsin |
|---|---|---|
| Optometrist | $79.67 | $125.68 |
| Doctor | $158.33 | $135.78 |
| Dentist | $110.16 | $113.29 |
Detailed Lake Geneva Transportation Costs Vs. Wisconsin
| Item | Lake Geneva | Wisconsin |
|---|---|---|
| Gasoline | $3.69 | $3.46 |
| Tire Balancing | $70.28 | $59.92 |
Detailed Lake Geneva Utilities Costs Vs. Wisconsin
| Item | Lake Geneva | Wisconsin |
|---|---|---|
| All Electricity | $147.39 | $193.99 |
| Phone | $198.03 | $192.25 |
Lake Geneva SnackAbility
/10
Cost Of Living In Cities Around Lake Geneva
The cost of living varies in the cities and towns around Lake Geneva. Here's a quick look at the cost of living in the most populous nearby places:
McHenry, IL has a cost of living index of 101, 1.0x Lake Geneva.
Woodstock, IL has a cost of living index of 93, 0.9x Lake Geneva.
Antioch, IL has a cost of living index of 109, 1.1x Lake Geneva.
| City | Population | Cost Of Living | Vs. Lake Geneva |
|---|---|---|---|
| McHenry, IL | 27,774 | 101 | 1.0x |
| Woodstock, IL | 26,316 | 93 | 0.9x |
| Antioch, IL | 14,751 | 109 | 1.1x |
| Fox Lake, IL | 10,872 | 101 | 1.0x |
| Harvard, IL | 9,875 | 91 | 0.9x |
| Mukwonago, WI | 8,411 | 106 | 1.1x |
| Johnsburg, IL | 6,374 | 112 | 1.1x |
| Spring Grove, IL | 5,866 | 125 | 1.3x |
| Waterford, WI | 5,627 | 105 | 1.1x |
| Tichigan, WI | 5,173 | 118 | 1.2x |
