Oconomowoc, WI, with a population of over 15,000 people, is located in the southeastern part of Wisconsin. The average rent for a two-bedroom apartment in Oconomowoc is $1,220 per month, which is lower than the national average rent of $1,430. Additionally, the Grocery Cost Index in Oconomowoc is 101 versus 100 in the US. This means that groceries are slightly more expensive in Oconomowoc than they are nationally.
The city has a number of businesses that serve the local community such as Kettle Moraine State Bank and Rubicon Manufacturing. Kettle Moraine State Bank offers personal banking services and has been serving families from around the area since 1898. Rubicon Manufacturing specializes in custom designed metal products ranging from custom gates to commercial railings.
For those looking for affordable living expenses without sacrificing quality amenities, Oconomowoc offers a good balance between cost of living and access to necessary resources. With its lower rental prices and moderate grocery costs compared to other areas surrounding it, this city provides an appealing option for those considering a move to Wisconsin.
Oconomowoc (zip 53066) has an unemployment rate of 3.8%. The US average is 6.0%.
Oconomowoc (zip 53066) 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 (zip 53066)
- The Sales Tax Rate for Oconomowoc (zip 53066) is 5.1%. The US average is 7.3%.
- The Income Tax Rate for Oconomowoc (zip 53066) 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 (zip 53066)
- The average income of a Oconomowoc (zip 53066) resident is $54,630 a year. The US average is $37,638 a year.
- The Median household income of a Oconomowoc (zip 53066) resident is $102,030 a year. The US average is $69,021 a year.