Lake Geneva cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake GenevaWisconsinNational
Cost of living index9797100
IndexLake GenevaWisconsinNational
Goods & Services index9598100
Groceries index9199100
Health care index107112100
Housing index10291100
Transportation index107103100
Utilities index85100100
Displayed above is a general overview of the Lake Geneva, WI cost of living index. The overall cost of living index in Lake Geneva, WI is 97, which is equal to the Wisconsin average and 3% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Lake Geneva, WI are 3% lower than the Wisconsin average and 5% lower than the national average.

Did you know?

  • The cost of living in Lake Geneva is equal to the Wisconsin average.
  • The cost of living in Lake Geneva is 3% lower than the national average.
  • The cost of housing in Lake Geneva is 2% higher than the national average.
  • Wisconsin general sales tax is 2% lower than the national average.
  • Wisconsin state income tax is 98% higher than the national average.

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Compare Lake Geneva, WI Cost of living To Other Cities

Salary Calculator

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Cost of living index
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Groceries index
Health care index
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The salary calculator is used in order to provide a comparison of your current salary in Lake Geneva, WI to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lake Geneva, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lake Geneva, WI salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,423$5,785$1,620$2,083
Renters$33,766$2,814$788$1,013
One can approximate the cost of living and the housing affordability in Lake Geneva, WI by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lake Geneva, WI have a median income of $69,423. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,620 per month to avoid calamity and poverty. The renters in the city have an income of about $33,766, which would make their monthly maximum allowable rental costs $788.

Wisconsin Sales Tax

StateGeneral Sales TaxWith Max Surtax
Wisconsin5%5.6%

Wisconsin Income Tax

StateIncome Tax (Low)Income Tax (High)
Wisconsin4.4%7.65%
When assessing the complete cost of living in Lake Geneva, WI, the Wisconsin income tax and the Wisconsin sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Wisconsin maximum surtax is 5.6%, and the Wisconsin sales tax is 5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 4.4% to 7.65% in Wisconsin.

Goods & Services

ItemLake GenevaNational avg.Difference
Haircut $13.71$15.5611.9%
Beauty Salon $29.19$36.1119.2%
Toothpaste $1.88$2.4724.1%
Shampoo $0.90$0.967.1%
Movie $10.36$10.132.3%
Bowling $3.99$4.7415.7%

Groceries

ItemLake GenevaNational avg.Difference
Ground Beef $3.47$3.9813.0%
Fried Chicken $1.41$1.410.0%
Milk $2.15$2.064.3%
Potatoes $2.16$2.9827.7%
Pizza $8.67$9.478.5%
Beer $7.96$8.799.5%

Health Care

ItemLake GenevaNational avg.Difference
Optometrist $73.86$101.0426.9%
Doctor $132.16$107.4423.0%
Dentist $94.44$90.424.5%
Ibuprofen $9.63$9.283.7%
Lipitor $431.63$426.501.2%

Housing

ItemLake GenevaNational avg.Difference
Home Price $190,600.00$175,700.008.5%
Avg. Mortgage Payment $777.66$1,133.2331.4%
Apartment Rent $810.00$920.0012.0%

Transportation

ItemLake GenevaNational avg.Difference
Gasoline $2.11$1.995.7%
Tire Balancing $50.94$45.7611.3%

Utilities

ItemLake GenevaNational avg.Difference
All Electricity$141.68$163.8113.5%
Phone $23.50$28.3917.2%
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, StatePopulationCost of Living IndexNational Avg.
Turtle Lake CDP, WI34385-15%
Lake Ivanhoe, WI51294-6%
Hebron, IL1,09491-9%
Darien, WI1,59891-9%
Harvard, IL9,82991-9%
Lake Geneva, WI7,69397-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Wading River, NY7,69414343%
Dayton, NJ7,69013737%
McGregor, FL7,6901099%
Orono, MN7,69015454%
Haiku-Pauwela, HI7,68919999%
Lake Geneva, WI7,69397-3%
Source: The Lake Geneva, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.