Oak Creek 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.
IndexOak CreekWisconsinNational
Cost of living index10498100
IndexOak CreekWisconsinNational
Goods & Services index97100100
Groceries index103100100
Health care index115112100
Housing index11391100
Transportation index8999100
Utilities index110102100
Displayed above is a general overview of the Oak Creek, WI cost of living index. The overall cost of living index in Oak Creek, WI is 104, which is 6% higher than the Wisconsin average and 4% higher 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 Oak Creek, WI are 3% lower than the Wisconsin average and 3% lower than the national average.

Did you know?

  • The cost of living in Oak Creek is 6% higher than the Wisconsin average.
  • The cost of living in Oak Creek is 4% higher than the national average.
  • The cost of housing in Oak Creek is 13% 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 Oak Creek, WI Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator allows you to compare how much your current salary in Oak Creek, WI would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Oak Creek, WI, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Oak Creek, WI salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,913$6,826$1,911$2,458
Renters$47,182$3,932$1,101$1,416
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Oak Creek, WI, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Oak Creek, WI homeowners have a median income of $81,913. Using that number, you will come up with a maximum of $1,911 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $47,182, which means there is a maximum of $1,101 to be spent on the costs of renting a home or apartment.

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 you are determining the total cost of living in Oak Creek, WI you will want to make sure you consider both the Wisconsin sales tax and the Wisconsin income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Wisconsin is 5%, with the highest surtax being 5.6%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Wisconsin have a range from 4.4% to 7.65%.

Goods & Services

ItemOak CreekNational avg.Difference
Haircut $15.99$14.599.6%
Beauty Salon $30.60$34.6811.8%
Toothpaste $2.51$2.471.5%
Shampoo $0.89$1.0212.9%
Movie $9.80$9.870.7%
Bowling $3.25$4.3926.0%

Groceries

ItemOak CreekNational avg.Difference
Ground Beef $3.32$4.4825.8%
Fried Chicken $1.86$1.4627.0%
Milk $2.20$2.366.6%
Potatoes $2.35$3.0623.2%
Pizza $9.00$9.242.6%
Beer $7.97$8.637.7%

Health Care

ItemOak CreekNational avg.Difference
Optometrist $52.40$99.7847.5%
Doctor $166.00$105.0358.0%
Dentist $91.60$88.703.3%
Ibuprofen $9.19$9.412.4%
Lipitor $315.77$298.505.8%

Housing

ItemOak CreekNational avg.Difference
Home Price $205,500.00$175,700.0017.0%
Avg. Mortgage Payment $1,141.54$1,081.035.6%
Apartment Rent $951.00$920.003.4%

Transportation

ItemOak CreekNational avg.Difference
Gasoline $1.89$2.099.6%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemOak CreekNational avg.Difference
All Electricity$169.20$170.800.9%
Phone $35.25$28.2624.8%
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.
Racine, WI78,34791-9%
Milwaukee, WI598,07892-8%
West Milwaukee, WI4,21493-7%
West Allis, WI60,59595-5%
St. Francis, WI9,48895-5%
Oak Creek, WI34,8231044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Richmond West, FL34,82511515%
Boardman, OH34,83581-19%
Pleasant Grove, UT34,8581066%
Kearns, UT34,86599-1%
Milton, GA34,87413838%
Oak Creek, WI34,8231044%
Source: The Oak Creek, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.