Housing costs in Oconomowoc Lake?
A typical home costs
$1,466,500, which is 333.7% more expensive than the national average of
$338,100 and 500.8% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Oconomowoc Lake costs
$1,210 per month, which is 15.4% cheaper than the national average of
$1,430 and 14.9% more than the state average of
$1,030.
Can I afford Oconomowoc Lake?
To live comfortably in Oconomowoc Lake, Wisconsin, a minimum annual income of
$281,160 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about Oconomowoc Lake?
Oconomowoc Lake, WI is known for having an affordable cost of living. The median home value is approximately $190,000, with the median rent being around $700/month. Other costs of living in the area are also reasonable with groceries averaging about 10% below the national average and utilities ranging from 5-20% below the national average. Additionally, there are a wide variety of restaurants and entertainment options in Oconomowoc Lake to suit any budget. All these factors combined make this Wisconsin city an ideal place for people on a budget or who simply want to save money while enjoying all that Oconomowoc Lake has to offer.