Oconomowoc Lake, WI is a great place to live! With an average 2 bedroom rent of $1,210, it's significantly lower than the US average of $1,430. This makes it an ideal spot for those looking to save money on housing costs. Additionally, the Grocery Cost Index in Oconomowoc Lake is 101 versus 100 in the US. This means groceries are slightly more expensive but still within a reasonable range.
The local economy is diverse and provides plenty of job opportunities. Companies such as Alpha Graphics, Vollrath Manufacturing Company, and Bank Mutual all have offices in Oconomowoc Lake. These companies specialize in printing services, foodservice equipment manufacturing, and financial services respectively and provide a variety of jobs ranging from skilled technicians to entry-level positions. The town also boasts other prominent employers like Kohl’s Corporation headquarters and Quad/Graphics which offer competitive wages and excellent benefits. With so many different employers engaged in various industries there is always something available for everyone looking for work in Oconomowoc Lake, WI.
Oconomowoc Lake has an unemployment rate of 3.8%. The US average is 6.0%.
Oconomowoc Lake has seen the job market increase by 0.3% 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 Lake
- The Sales Tax Rate for Oconomowoc Lake is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Oconomowoc Lake 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 Lake
- The average income of a Oconomowoc Lake resident is $70,658 a year. The US average is $28,555 a year.
- The Median household income of a Oconomowoc Lake resident is $239,107 a year. The US average is $69,021 a year.