| Index | Oak Creek | Wisconsin | National |
| Cost of living | 106 | 96 | 100 |
| Groceries | 99 | 99 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 126 | 89 | 100 |
| Transportation | 100 | 98 | 100 |
| Utilities | 99 | 101 | 100 |
| Lifestyle & Entertainment | 98 | 98 | 100 |
| Household Items | 96 | 99 | 100 |
| Education & Childcare | 93 | 98 | 100 |
Understanding the cost of living in Oak Creek can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Oak Creek cost of living index is 106, which is 6% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
In Oak Creek, daily expenses such as food, housing, lifestyle expenses, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Oak Creek will resemble that of an average city, contributing to a manageable cost of living.
Housing costs significantly influence the Oak Creek cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 26%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Oak Creek affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Oak Creek, the median home price is 29.5% higher than the national average and monthly rent prices are 17.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Oak Creek boasting a median household income of $113,294, 39.3% higher than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Oak Creek, the utilities index registers 0.9% lower than the national average.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Oak Creek, healthcare costs are 3% lower than the national average.
The Oak Creek cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $137,790 | $11,483 | $3,215 | $4,134 |
| Renters | $84,482 | $7,040 | $1,971 | $2,535 |
| State | General Sales Tax | With Max Surtax |
| Wisconsin | 5% | 6.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Wisconsin | 3.54% | 7.65% |
| City | Population | Cost of Living Index | National Avg. |
| Racine, WI | 79,849 | 90 | 9.7% |
| Milwaukee, WI | 605,531 | 93 | 7.2% |
| West Milwaukee, WI | 4,258 | 92 | 8.3% |
| St. Francis, WI | 9,923 | 95 | 4.9% |
| West Allis, WI | 61,432 | 93 | 6.8% |
| Oak Creek, WI | 37,124 | 106 | 6.1% |
| City | Population | Cost of Living Index | National Avg. |
| Wildomar, CA | 37,118 | 140 | 40.3% |
| Richfield, MN | 37,149 | 107 | 7.4% |
| Côte-Saint-Luc, QC | 37,097 | n/a | |
| Richmond, KY | 37,087 | 91 | 8.6% |
| Elmont, NY | 37,081 | 141 | 41.5% |
| Oak Creek, WI | 37,124 | 106 | 6.1% |
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