Chetek, WI vs Oconomowoc Lake, WI

The cost of living difference between Chetek, WI and Oconomowoc Lake, WI is dramatic. Chetek is 59.6% cheaper than Oconomowoc Lake, a gap that translates to thousands of dollars per year in household expenses. Chetek has a cost index of 74 while Oconomowoc Lake sits at 182, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Chetek are $156,500 compared to $1,328,700 in Oconomowoc Lake, a 88% gap.

Median household income in Chetek is $59,554 compared to $250,001 in Oconomowoc Lake (-76.2%). While Oconomowoc Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.