Cost Of Living in Okauchee Lake, 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	Okauchee Lake	Wisconsin	National
Cost of living	126	96	100
Goods & Services	99	97	100
Groceries	103	99	100
Health care	111	112	100
Housing	185	88	100
Transportation	99	98	100
Utilities	105	102	100

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Cost Of Living Quick Facts

The cost of living in Okauchee Lake is 32% higher than the Wisconsin average
The cost of living in Okauchee Lake is 26% higher than the national average
Okauchee Lake housing is 85% 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	$110,000	$9,167	$2,566	$3,300
Renters	$71,250	$5,938	$1,662	$2,138

The affordability of the housing market in Okauchee Lake, WI as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Okauchee Lake homeowners, the median income is $110,000. This indicates that a monthly maximum of $2,566 should be spent by homeowners on all housing related costs. Renters have a median income of $71,250. This indicates that renters would have a maximum of $1,662 for their rent related monthly costs.

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	Okauchee Lake	National avg.	Difference
Haircut	$20.21	$24.26	16.7%
Beauty Salon	$33.25	$45.56	27.0%
Toothpaste	$3.66	$3.70	1.1%
Shampoo	$1.07	$1.28	16.6%
Movie	$10.26	$12.13	15.5%
Bowling	$10.03	$18.00	44.3%

Groceries

Item	Okauchee Lake	National avg.	Difference
Ground Beef	$6.05	$5.84	3.5%
Fried Chicken	$1.46	$1.57	7.3%
Milk	$4.55	$4.67	2.7%
Potatoes	$4.10	$4.93	17.0%
Pizza	$11.33	$12.09	6.3%
Beer	$8.52	$10.41	18.2%

Health Care

Item	Okauchee Lake	National avg.	Difference
Optometrist	$278.65	$125.68	121.7%
Doctor	$223.73	$135.78	64.8%
Dentist	$106.79	$113.29	5.7%
Ibuprofen	$10.29	$10.65	3.4%
Lipitor	$469.65	$468.60	0.2%

Housing

Item	Okauchee Lake	National avg.	Difference
Home Price	$380,600.00	$184,700.00	106.1%
Avg. Mortgage Payment	$1,879.64	$2,346.69	19.9%
Apartment Rent	$1,296.00	$949.00	36.6%

Transportation

Item	Okauchee Lake	National avg.	Difference
Gasoline	$3.30	$3.46	4.5%
Tire Balancing	$44.14	$59.92	26.3%

Utilities

Item	Okauchee Lake	National avg.	Difference
All Electricity	$182.69	$193.99	5.8%
Phone	$185.79	$192.25	3.4%

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.
Clyman, WI	352	90	10.5%
Neosho, WI	637	94	5.7%
Lannon, WI	1,184	96	4.2%
Watertown, WI	23,561	100	0.4%
Helenville, WI	245	102	1.9%
Okauchee Lake, WI	4,373	126	26.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hampden, ME	4,373	107	7.2%
Barnwell, SC	4,373	82	18.3%
La Joya, TX	4,374	80	20.3%
North Terre Haute, IN	4,371	89	11.2%
Isle of Palms, SC	4,371	182	82.2%
Okauchee Lake, WI	4,373	126	26.3%

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 Okauchee Lake, WI