Elm Grove, WI vs Oconomowoc, WI

There is a significant gap in the cost of living between these two cities. Oconomowoc is 24.7% cheaper than Elm Grove. With a cost index of 101 vs 126, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Oconomowoc to Elm Grove should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elm Grove is $1,788/month compared to $1,235/month in Oconomowoc — a 45% difference. Home values follow the same pattern: Oconomowoc is more affordable at $367,700 median vs $468,000.

Median household income in Elm Grove is $133,304 compared to $105,833 in Oconomowoc (+26%). While Elm Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elm Grove spend roughly 16.1% of their income on rent, more than the 14% in Oconomowoc.