Oconomowoc, WI is a charming city located in Waukesha County. The cost of living here is lower than the average US city, with 2 bedroom rent costing $1,210 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Oconomowoc is 101 versus 100 in the US. There are many exciting local businesses and attractions that make Oconomowoc a great place to live. Notable local companies include Manderfield’s Home Bakery, which has been serving delicious baked goods since 1925; Discount Liquor Inc., which offers an extensive selection of craft beers, wines and spirits; and TK Sports Bar & Grill for casual dining options. There are also plenty of enjoyable outdoor activities to check out such as Lac La Belle Beach and Fowler Park. Whether you're looking for recreation or relaxation, Oconomowoc has something for everyone!
Oconomowoc has an unemployment rate of 3.8%. The US average is 6.0%.
Oconomowoc has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Oconomowoc
- The Sales Tax Rate for Oconomowoc is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Oconomowoc is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Oconomowoc
- The average income of a Oconomowoc resident is $46,456 a year. The US average is $37,638 a year.
- The Median household income of a Oconomowoc resident is $95,914 a year. The US average is $69,021 a year.