Cost Of Living in Lake Tomahawk, 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 Tomahawk	Wisconsin	National
Cost of living	88	96	100
Goods & Services	83	97	100
Groceries	96	99	100
Health care	125	112	100
Housing	82	88	100
Transportation	89	98	100
Utilities	95	102	100

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Cost Of Living Quick Facts

The cost of living in Lake Tomahawk is 8% lower than the Wisconsin average
The cost of living in Lake Tomahawk is 12% lower than the national average
Lake Tomahawk housing is 18% lower 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	$44,063	$3,672	$1,028	$1,322
Renters	$0	$0	$0	$0

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 Tomahawk	National avg.	Difference
Haircut	$28.71	$24.26	18.3%
Beauty Salon	$44.93	$45.56	1.4%
Toothpaste	$3.62	$3.70	2.3%
Shampoo	$1.18	$1.28	7.6%
Movie	$14.28	$12.13	17.7%
Bowling	$16.88	$18.00	6.2%

Groceries

Item	Lake Tomahawk	National avg.	Difference
Ground Beef	$5.41	$5.84	7.3%
Fried Chicken	$1.47	$1.57	6.5%
Milk	$4.78	$4.67	2.3%
Potatoes	$4.45	$4.93	9.9%
Pizza	$12.91	$12.09	6.8%
Beer	$8.70	$10.41	16.5%

Health Care

Item	Lake Tomahawk	National avg.	Difference
Optometrist	$89.62	$125.68	28.7%
Doctor	$202.67	$135.78	49.3%
Dentist	$110.30	$113.29	2.6%
Ibuprofen	$10.89	$10.65	2.2%
Lipitor	$447.61	$468.60	4.5%

Housing

Item	Lake Tomahawk	National avg.	Difference
Home Price	$151,800.00	$184,700.00	17.8%
Avg. Mortgage Payment	$2,296.35	$2,346.69	2.1%
Apartment Rent	$763.00	$949.00	19.6%

Transportation

Item	Lake Tomahawk	National avg.	Difference
Gasoline	$3.25	$3.46	6.1%
Tire Balancing	$66.53	$59.92	11.0%

Utilities

Item	Lake Tomahawk	National avg.	Difference
All Electricity	$214.46	$193.99	10.5%
Phone	$184.65	$192.25	4.0%

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.
Rhinelander, WI	7,617	81	19.3%
Sayner, WI	208	83	17.0%
Woodruff, WI	702	89	10.7%
Minocqua, WI	276	93	6.6%
Lake Tomahawk, WI	140	88	12.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Klagetoh, AZ	140	95	4.9%
Sorrento, FL	140	97	2.6%
Mendes, GA	140	92	7.8%
Bernard, IA	140	87	13.2%
Brunsville, IA	140	80	19.8%
Lake Tomahawk, WI	140	88	12.3%

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 Tomahawk, WI