Oconomowoc, WI Cost Of Living
Cost Of Living In Oconomowoc, WI Summary
Cost of living in Oconomowoc 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 Oconomowoc 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 Oconomowoc is 110, with 100 being the average.
The cost of living index in Oconomowoc is 1.1x higher than the national average.
Oconomowoc ranks as the #112 cheapest in Wisconsin out of 146.
Oconomowoc ranks as the #3,657 cheapest out of 6,489 in the US.
The median home value in Oconomowoc is $528,414.
The median income in Oconomowoc is $105,833.
Table Of Contents
Oconomowoc's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Oconomowoc, WI?
According to the most recent data on the cost of living, Oconomowoc has an overall cost of living index of 110, which is 1.1x higher than the national index of 100.
Compared to Wisconsin, Oconomowoc has a cost of living index that's 1.2x higher than Wisconsin's index of 95.
The standard of living in Oconomowoc ranks as #112 most affordable out of the 146 places we measured in Wisconsin. By definition, that implies Oconomowoc ranks as the #34 most expensive place in the Badger State.
For more reading on life in Oconomowoc, check out:
In Wisconsin
In America
Oconomowoc Cost Of Living Vs. Wisconsin
Six factors go into calculating the cost of living index in Oconomowoc. Here is how it fairs on each of the criteria:
The Services index in Oconomowoc is 100.
The Groceries index in Oconomowoc is 104.
The Health index in Oconomowoc is 113.
The Housing index in Oconomowoc is 137.
The Transportation index in Oconomowoc is 98.
The Utilities index in Oconomowoc is 107.
| Living Expense | Oconomowoc | Wisconsin | National Average | |
|---|---|---|---|---|
| Overall | 110 | 95 | 100 | |
| Services | 100 | 98 | 100 | |
| Groceries | 104 | 100 | 100 | |
| Health | 113 | 111 | 100 | |
| Housing | 137 | 88 | 100 | |
| Transportation | 98 | 100 | 100 | |
| Utilities | 107 | 102 | 100 | |
Oconomowoc, 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 Oconomowoc is $528,414.
The Median Rent in Oconomowoc is $1,235.
The Median Income in Oconomowoc is $105,833.
The Home Value To Income in Oconomowoc is 5.0x.
The Rent To Monthly Income in Oconomowoc is 0.14x.
| Statistic | Oconomowoc | Wisconsin | United States |
|---|---|---|---|
| Median Home Value | $528,414 | $328,216 | $303,400 |
| Median Rent | $1,235 | $1,045 | $1,348 |
| Median Income | $105,833 | $75,670 | $78,538 |
| Home Value To Income | 5.0x | 4.3x | 3.9x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Oconomowoc, WI Costs By Category
Detailed Oconomowoc Services Costs Vs. Wisconsin
| Item | Oconomowoc | Wisconsin |
|---|---|---|
| Shampoo | $1.07 | $1.28 |
| Movie | $10.26 | $12.13 |
| Bowling | $10.03 | $18 |
| Haircut | $20.21 | $24.26 |
| Beauty Salon | $33.25 | $45.56 |
Detailed Oconomowoc Groceries Costs Vs. Wisconsin
| Item | Oconomowoc | Wisconsin |
|---|---|---|
| Ground Beef | $6.05 | $5.84 |
| Fried Chicken | $1.46 | $1.57 |
| Milk | $4.55 | $4.67 |
| Potatoes | $4.1 | $4.93 |
| Pizza | $11.33 | $12.09 |
| Beer | $8.52 | $10.41 |
| Toothpaste | $3.66 | $3.7 |
Detailed Oconomowoc Health Costs Vs. Wisconsin
| Item | Oconomowoc | Wisconsin |
|---|---|---|
| Optometrist | $278.65 | $125.68 |
| Doctor | $223.73 | $135.78 |
| Dentist | $106.79 | $113.29 |
Detailed Oconomowoc Transportation Costs Vs. Wisconsin
| Item | Oconomowoc | Wisconsin |
|---|---|---|
| Gasoline | $3.3 | $3.46 |
| Tire Balancing | $44.14 | $59.92 |
Detailed Oconomowoc Utilities Costs Vs. Wisconsin
| Item | Oconomowoc | Wisconsin |
|---|---|---|
| All Electricity | $182.69 | $193.99 |
| Phone | $185.79 | $192.25 |
Oconomowoc SnackAbility
/10
Cost Of Living In Cities Around Oconomowoc
The cost of living varies in the cities and towns around Oconomowoc. Here's a quick look at the cost of living in the most populous nearby places:
Brookfield, WI has a cost of living index of 121, 1.1x Oconomowoc.
Menomonee Falls, WI has a cost of living index of 114, 1.0x Oconomowoc.
Hartford, WI has a cost of living index of 102, 0.9x Oconomowoc.
| City | Population | Cost Of Living | Vs. Oconomowoc |
|---|---|---|---|
| Brookfield, WI | 41,592 | 121 | 1.1x |
| Menomonee Falls, WI | 38,963 | 114 | 1.0x |
| Hartford, WI | 15,761 | 102 | 0.9x |
| Richfield, WI | 11,806 | 122 | 1.1x |
| Sussex, WI | 11,795 | 113 | 1.0x |
| Hartland, WI | 9,716 | 112 | 1.0x |
| Mukwonago, WI | 8,411 | 106 | 1.0x |
| Pewaukee, WI | 8,240 | 124 | 1.1x |
| Delafield, WI | 7,192 | 125 | 1.1x |
