Cost of living in Oak Creek 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 Oak Creek 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 Oak Creek is 99, with 100 being the average.
The cost of living index in Oak Creek is 1.0x lower than the national average.
Oak Creek ranks as the #96 cheapest in Wisconsin out of 143.
Oak Creek ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Oak Creek is $248,800.
The median income in Oak Creek is $80,817.
According to the most recent data on the cost of living, Oak Creek has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Wisconsin, Oak Creek has a cost of living index that's 1.0x higher than Wisconsin's index of 95.
The standard of living in Oak Creek ranks as #96 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Oak Creek ranks as the #47 most expensive place in the Badger State.
For more reading on life in Oak Creek, check out:
Six factors go into calculating the cost of living index in Oak Creek. Here is how it fairs on each of the criteria:
The Services index in Oak Creek is 93.
The Groceries index in Oak Creek is 97.
The Health index in Oak Creek is 113.
The Housing index in Oak Creek is 111.
The Transportation index in Oak Creek is 93.
The Utilities index in Oak Creek is 97.
|Living Expense||Oak Creek||Wisconsin||National Average|
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 2017-2021. The key points are:
The Median Home Value in Oak Creek is $248,800.
The Median Rent in Oak Creek is $1,194.
The Median Income in Oak Creek is $80,817.
The Home Value To Income in Oak Creek is 3.1x.
The Rent To Monthly Income in Oak Creek is 0.18x.
|Statistic||Oak Creek||Wisconsin||United States|
|Median Home Value||$248,800||$200,400||$244,900|
|Home Value To Income||3.1x||3.0x||3.5x|
|Rent To Monthly Income||0.18x||0.16x||0.2x|
The cost of living varies in the cities and towns around Oak Creek. Here's a quick look at the cost of living in the most populous nearby places:
Wauwatosa, WI has a cost of living index of 102, 1.0x Oak Creek.
Brookfield, WI has a cost of living index of 112, 1.1x Oak Creek.
New Berlin, WI has a cost of living index of 103, 1.0x Oak Creek.
|City||Population||Cost Of Living||Vs. Oak Creek|
|New Berlin, WI||40,289||103||1.0x|
|South Milwaukee, WI||20,785||93||0.9x|
|Whitefish Bay, WI||14,818||120||1.2x|