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Cost of living, pay and housing

43.10° N · 88.45° W · GEOID 5559300

Oconomowoc Lake

Waukesha County, Wisconsin · part of the Milwaukee, WI metro

Limited data population under 5,000

WisconsinOconomowoc Lake, WIOconomowoc LakeOconomowoc Lake

The short answer

Oconomowoc Lake is home to 669 people. Median household income is $250,001 a year and median rent is $1,688 a month, 8.1% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $1,210,900, about 4.8x annual median household income.

Median gross rent
$1,688
24% above the median place
Median household income
$250,001
211% above the median place
Median home value
$1,210,900
279% above the median place
Unemployment
2.3%
53% below the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Oconomowoc Lake

  • After the median rent, and with prices for everything else adjusted to the US average, the median household has about $237,100 a year left, more than in 99% of the 1,875 places under 10,000 people we track. It is the highest of 119 Wisconsin places.
  • Owning with a mortgage costs about $2,313 a month more than the median rent, a wider gap than in 99% of places its size. It is the highest of 158 Wisconsin places.
  • The median rent takes only 8.1% of the median household's income, a smaller share than in 99% of places its size. It is the lowest of 158 Wisconsin places.
  • 98% of homes are owner-occupied, more than in 99% of places its size. It is the highest of 158 Wisconsin places.
  • The median home is valued at $1,210,900, more than in 98% of places its size. It is the highest of 158 Wisconsin places.

Rent is light relative to pay, but the county has a FEMA natural hazard risk score of 89 out of 100. Budget for insurance before counting the savings.

01

Moving to Oconomowoc Lake

Waukesha County gains about 4.2 residents per 1,000 a year to moves between counties.

Moved in17,875
Moved out16,269
Net+1,606

Where people come from and where they go, top counties

Within Wisconsin, other states or abroad

Arrivals
Leavers
Within WisconsinOther statesAbroad

Income per tax return

Arrivals$87K
Leavers$90K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Waukesha County; flows under 20 returns are not published.

Who moves here
5.1% of residents arrived from another county in the past year, 1.4% from another state. County figure.
Who arrives and who leaves
Households moving into Waukesha County report $86,800 a year in income on average; those leaving, $90,300.
Income you would need
$67,500 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,688 a month; owners with a mortgage pay $4,001 a month including taxes and insurance, on a median home of $1,210,900.
Getting to work
23 minutes each way on average; 17.9% work from home.
If it is close but not quite
El Granada, CA matches it on character. Compare the two
Income of households moving out7
$90,265
28% above the median place
Net movers per 1,000 people7
4.2
above the median place (median -0.6)
Income of households moving in7
$86,790
23% above the median place
All 5 moving measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
Moved here in the past year1County figure5.1%11% below
Moved from another state1County figure1.4%32% below
Net movers per 1,000 people7County figure4.2above (median -0.6)
Income of households moving in7County figure$86,79023% above
Income of households moving out7County figure$90,26528% above
02

What it costs to live here

Rent to income is 8.1%, 60% below the median place.

Oconomowoc Lake8.1%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$67,520
a year, at the 30% line
Rent to income
8.1%
60% below the median place
Home price to income
4.8x
27% above the median place

Could you afford it?

The median rent would take
8%
comfortably under the 30% line
Left after rent, in US prices
$237,100
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Oconomowoc Lake, $1,688 a month, and local prices for everything else (96.9 against a US average of 100). It runs in your browser and stores nothing.

Moving from somewhere else? Work out the salary you would need in Oconomowoc Lake.

Sponsored · exampleMoving to Oconomowoc Lake? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Homeownership1
97.9%
47% above the median place
Median home value1
$1,210,900
279% above the median place
Vacant homes1
24.4%
245% above the median place
All 14 cost and housing measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
Median gross rent1$1,68824% above
Rent to income18.1%60% below
Home price to income14.8x27% above
Prices vs US average2Metro figure96.94% below
Fair market rent, 2 bedrooms3County figure$1,26322% below
Property tax paid (median)1$10,001206% above
Median home value1$1,210,900279% above
Home prices, 1-year change4County figure5.4%68% above
Home prices, 5-year change4County figure52.2%1% above
Homeownership197.9%47% above
Renters paying 30%+1County figure44.8%11% below
Owner costs with a mortgage1$4,001114% above
Vacant homes124.4%245% above
Median year built119790% above
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Median household income1
$250,001
211% above the median place
Income per person1
$125,485
213% above the median place
All 10 work and pay measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
Median household income1$250,001211% above
Income per person1$125,485213% above
Unemployment1County figure2.3%53% below
Average annual pay5County figure$71,7399% above
Pay growth, 1 year5County figure2.5%32% below
Jobs5County figure248,66265% above
Poverty rate1County figure5.2%51% below
Mean commute123 min7% below
Works from home117.9%44% above
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

Median age is 55.1, 41% above the median place.

Median age1
55.1
41% above the median place
Bachelor's or higher1
72.8%
127% above the median place
High school or higher1
98.3%
6% above the median place
All 9 people measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
Population16696646th largest
Population change since 20206-0.3%below (median 1.1%)
Median age155.141% above
Bachelor's or higher172.8%127% above
High school or higher198.3%6% above
Household size12.813% above
Born abroad1County figure5.5%38% below
No health insurance1County figure3.1%52% below
Homes with broadband197.9%6% above
05

Life in Oconomowoc Lake

159 sites are on the National Register of Historic Places, 2 of them National Historic Landmarks.

Businesses per 10,000 residents (county figures)

Restaurants and bars20.1 −3%
Shops30.0 −1%
Arts, recreation and fitness6.4 +56%
Doctors' offices and clinics29.8 +48%
Child care centers2.3 +0%

Counts businesses with paid staff, so small owner-run shops are not included.

Doctors' offices and clinics per 10k8
29.8
48% above the median place
Public schools10
113
above the median place (median 9)
Arts, recreation and fitness per 10k8
6.4
56% above the median place
All 9 schools and local life measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
Public schools10County figure113above (median 9)
Public school students10County figure60,032above (median 4,897)
Students per teacher10County figure15.31% below
Restaurants and bars per 10k8County figure20.13% below
Shops per 10k8County figure30.01% below
Arts, recreation and fitness per 10k8County figure6.456% above
Doctors' offices and clinics per 10k8County figure29.848% above
Child care centers per 10k8County figure2.30% above
National Register listings9County figure159above (median 13)
06

Safety, weather and risk

January average low is 12°F, 51% below the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Oconomowoc Lake. Larger places are fetched first.

January average low11
12°F
51% below the median place
Hurricane risk12
9.7
86% below the median place
Average temperature11
47°F
15% below the median place
All 11 weather and risk measures
MeasureOconomowoc LakeAmong 6,645 placesVs median
July average high11County figure82°F6% below
January average low11County figure12°F51% below
Average temperature11County figure47°F15% below
Annual precipitation11County figure35.6 in19% below
Natural hazard risk12County figure88.94% below
Hurricane risk12County figure9.786% below
Tornado risk12County figure95.718% above
Wildfire risk12County figure49.719% below
Heat wave risk12County figure90.40% above
Median air quality index13County figure415% below
Good air days13County figure66.3%3% below
08

Oconomowoc Lake in 2030: where the trends point

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median household income$250,001 (2024)$312,500$264,500 to $370,000+3.8%
Median home value$1,210,900 (2024)$1,716,000$1,246,000 to $2,364,000+6.0%
Population570 (2025)570550 to 600+0.1%

The median home would be worth 5.5 years of the median income in 2030, against 4.8 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Oconomowoc Lake

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
El Granada, CA$2,034$213,347Compare
Town and Country, MO$1,955$232,534Compare
South Barrington, IL$2,200$221,575Compare
Lake Forest, IL$1,815$235,081Compare
Lake Forest, ILSouth Barrington, ILTown and Country, MOEl Granada, CAOconomowoc Lake, WIOconomowoc LakeEl GranadaTown and CountrySouth BarringtonLake ForestOconomowoc LakeEl GranadaTown and CountrySouth BarringtonLake Forest

Common questions

Is Oconomowoc Lake a good place to live?

It depends on what you need, so here is what the numbers say. After the median rent, and with prices for everything else adjusted to the US average, the median household has about $237,100 a year left, more than in 99% of the 1,875 places under 10,000 people we track. It is the highest of 119 Wisconsin places. Owning with a mortgage costs about $2,313 a month more than the median rent, a wider gap than in 99% of places its size. It is the highest of 158 Wisconsin places. See how it ranks with your own weights.

Is Oconomowoc Lake expensive to live in?

The median rent takes 8.1% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $1,210,900.

What salary do you need to live in Oconomowoc Lake?

To rent the median home without spending more than 30% of income on rent, a household needs about $67,520 a year. Work it out from your current city.

What places are similar to Oconomowoc Lake?

On income, rent, home value, education and age, the closest matches are El Granada, CA, Town and Country, MO, South Barrington, IL and Lake Forest, IL.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  5. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  6. Population Estimates · US Census Bureau · Vintage 2025
  7. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  8. County Business Patterns · US Census Bureau · 2023 data
  9. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  10. Common Core of Data · National Center for Education Statistics · 2024 release
  11. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  12. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  13. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); home price to income (B25077, B19013).

What stands out compares Oconomowoc Lake with places of a similar size, using only figures measured for Oconomowoc Lake itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/oconomowoc-lake-wisconsin

Citytistics. “Oconomowoc Lake, Wisconsin.” Data as of 2026-11-14. https://www.citytistics.com/city/oconomowoc-lake-wisconsin/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.