States › Wisconsin › Oconomowoc

Is Oconomowoc, WI expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6317% lower than U.S. average
💵 Families earn per year (2026)$114,779about $9,565/month · 32% higher than U.S. average
🔑 House price$394,50019% higher than U.S. average

Rent is lower than in 51% of U.S. cities. A typical house costs about 3.4 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $65,240 a year. That is $31 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

No. Rent here is more expensive than in most of Wisconsin. It is number 117 of 156 cities from cheapest to most expensive.

Oconomowoc
$1,631
Fox Crossing
$1,069
Onalaska
$1,356
Wisconsin Rapids
$986
Marshfield
$822
Menasha
$1,223
Cudahy
$1,375

How much do households earn in Oconomowoc?

Under $25k
12.1%
$25k–50k
14.3%
$50k–100k
26.8%
$100k–150k
26.9%
$150k+
18.1%

Share of households by yearly income. 44.9% of households earn $100,000 or more.

Rent by apartment size in Oconomowoc

SizeOconomowocU.S. average
Studio$1,643$1,338
1 bedroom$1,396$1,324
2 bedrooms$1,418$1,509
3 bedrooms$1,537$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Oconomowoc overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing
79
Goods (food, clothes…)
94
Utilities
90
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Oconomowoc, so the Wisconsin figure is shown.

Taxes and bills in Oconomowoc

🏛️ Property tax$4,722a year · 1.20% of home value · U.S. $3,119
⚡ Electric bill$119a month (typical) · U.S. $156

Life in Oconomowoc

Commute to work24.6 minU.S.: 26.4 min
College degree48.4%U.S.: 35.7%
Own their home69.1%U.S.: 65.2%
Below poverty line7.7%U.S.: 12.5%
Unemployment2.2%U.S.: 5.2%

Is it cheaper to rent or buy in Oconomowoc?

Renting is cheaper right now: about $1,106 a month less.

Renting
$1,631
Owning
$2,737

Owning assumes a typical $394,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $39,450 for the down payment.

Frequently asked questions

What is the average rent in Oconomowoc, WI?

Renting in Oconomowoc costs a median of about $1,631 a month in 2026, including utilities. The Wisconsin median is $1,305.

How much do I need to make to live in Oconomowoc?

To keep rent under 30% of income, you need about $65,240 a year, or $31 an hour at a full-time job.

Is Oconomowoc cheap or expensive?

Oconomowoc is rated Cheap: rent takes 17.1% of the typical household income of $114,779. It ranks 117th cheapest of 156 Wisconsin cities we track.

How much are property taxes in Oconomowoc?

The median homeowner in Oconomowoc pays $4,722 a year in property taxes, about 1.20% of the median home value.

Is Oconomowoc more expensive than the national average?

Overall prices in Wisconsin are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Oconomowoc?

The median home value in Oconomowoc is $394,500, about 3.4 times the typical yearly household income.

19,080 people live in Oconomowoc. Numbers are typical (middle) values.