Cost Of Living in Lake Geneva, WI

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Lake Geneva	Wisconsin	National
Cost of living	99	96	100
Goods & Services	89	97	100
Groceries	97	99	100
Health care	101	112	100
Housing	112	88	100
Transportation	110	98	100
Utilities	87	102	100

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Cost Of Living Quick Facts

The cost of living in Lake Geneva is 4% higher than the Wisconsin average
The cost of living in Lake Geneva is 1% lower than the national average
Lake Geneva housing is 12% higher than the national average
Wisconsin general sales tax is 2% lower than the national average
Wisconsin state income tax is 36% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$83,281	$6,940	$1,943	$2,499
Renters	$39,329	$3,277	$918	$1,180

To approximate the cost of living and the housing affordability in Lake Geneva, WI, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Lake Geneva have a median income of $83,281. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,943 per month to avoid calamity and poverty. The renters in the city have an income of about $39,329, which would make their monthly maximum allowable rental costs $918.

Wisconsin Sales Tax

State	General Sales Tax	With Max Surtax
Wisconsin	5%	6.75%

Wisconsin Income Tax

State	Income Tax (Low)	Income Tax (High)
Wisconsin	3.54%	7.65%

Goods & Services

Item	Lake Geneva	National avg.	Difference
Haircut	$19.94	$24.26	17.8%
Beauty Salon	$36.22	$45.56	20.5%
Toothpaste	$3.58	$3.70	3.2%
Shampoo	$1.27	$1.28	1.1%
Movie	$12.73	$12.13	4.9%
Bowling	$12.67	$18.00	29.6%

Groceries

Item	Lake Geneva	National avg.	Difference
Ground Beef	$5.72	$5.84	2.0%
Fried Chicken	$1.42	$1.57	9.9%
Milk	$4.63	$4.67	0.9%
Potatoes	$4.82	$4.93	2.3%
Pizza	$10.99	$12.09	9.1%
Beer	$9.56	$10.41	8.2%

Health Care

Item	Lake Geneva	National avg.	Difference
Optometrist	$79.67	$125.68	36.6%
Doctor	$158.33	$135.78	16.6%
Dentist	$110.16	$113.29	2.8%
Ibuprofen	$10.57	$10.65	0.8%
Lipitor	$460.30	$468.60	1.8%

Housing

Item	Lake Geneva	National avg.	Difference
Home Price	$214,600.00	$184,700.00	16.2%
Avg. Mortgage Payment	$1,465.09	$2,346.69	37.6%
Apartment Rent	$975.00	$949.00	2.7%

Transportation

Item	Lake Geneva	National avg.	Difference
Gasoline	$3.69	$3.46	6.7%
Tire Balancing	$70.28	$59.92	17.3%

Utilities

Item	Lake Geneva	National avg.	Difference
All Electricity	$147.39	$193.99	24.0%
Phone	$198.03	$192.25	3.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Lake Ivanhoe, WI	398	95	5.5%
Harvard, IL	9,203	90	10.5%
Delavan, WI	8,296	91	9.4%
Chemung, IL	738	91	8.9%
Darien, WI	1,471	92	8.5%
Lake Geneva, WI	7,872	99	0.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Marengo, IL	7,871	92	8.1%
Woodlawn CDP (Prince George's County), MD	7,873	107	7.4%
West Livingston, TX	7,873	84	15.8%
East Zorra-Tavistock, ON	7,870	n/a
Lampasas, TX	7,869	88	12.4%
Lake Geneva, WI	7,872	99	0.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Lake Geneva, WI