Okauchee Lake 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.
IndexOkauchee LakeWisconsinNational
Cost of living index12398100
IndexOkauchee LakeWisconsinNational
Goods & Services index97100100
Groceries index103100100
Health care index115112100
Housing index17591100
Transportation index8999100
Utilities index110102100
A general summary of the cost of living index in Okauchee Lake, WI is shown above. Compared to the state average of Wisconsin the cost of living index in Okauchee Lake, WI is 123, which is 25% higher than the average in Wisconsin and compared to the national average it is 23% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Okauchee Lake, WI goods and services come in at 3% lower than the average in Wisconsin and are 3% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Okauchee Lake is 25% higher than the Wisconsin average.
  • The cost of living in Okauchee Lake is 23% higher than the national average.
  • The cost of housing in Okauchee Lake is 75% 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 Okauchee Lake, WI Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Okauchee Lake, 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 Okauchee Lake, WI, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Okauchee Lake, 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$107,065$8,922$2,498$3,212
Renters$43,605$3,634$1,017$1,308
The affordability of the housing market in Okauchee Lake, WI as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Okauchee Lake, WI homeowners, the median income is $107,065. This indicates that a monthly maximum of $2,498 should be spent by homeowners on all housing related costs. Renters have a median income of $43,605. This indicates that renters should have a maximum of $1,017 used for their rent related monthly costs.

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 considering the overall cost of living expenses in Okauchee Lake, WI, it's important to take into account the sales tax for Wisconsin, as well as the rate for income tax in Wisconsin. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Wisconsin is 5.6%, and the sales tax in the state of Wisconsin is 5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Wisconsin starts from 4.4% and goes up to 7.65%.

Goods & Services

ItemOkauchee LakeNational 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

ItemOkauchee LakeNational 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

ItemOkauchee LakeNational 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

ItemOkauchee LakeNational avg.Difference
Home Price $336,100.00$175,700.0091.3%
Avg. Mortgage Payment $1,141.54$1,081.035.6%
Apartment Rent $1,265.00$920.0037.5%

Transportation

ItemOkauchee LakeNational avg.Difference
Gasoline $1.89$2.099.6%
Tire Balancing $37.95$45.2916.2%

Utilities

ItemOkauchee LakeNational 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.
Clyman, WI37693-7%
Helenville, WI23995-5%
Watertown, WI23,89997-3%
Neosho, WI60099-1%
Lannon, WI1,13997-3%
Okauchee Lake, WI4,58112323%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Coleman, TX4,58178-22%
Bremen, IN4,58184-16%
Laureles, TX4,58270-30%
Polson, MT4,58092-8%
Beattystown, NJ4,58312121%
Okauchee Lake, WI4,58112323%
Source: The Okauchee Lake, WI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.