Lake Geneva, WI vs Paddock Lake, WI

Paddock Lake is moderately more affordable than Lake Geneva, with a 6.3% lower cost of living index. Lake Geneva scores 97 compared to 92 for Paddock Lake, where the US average is 100. This difference means residents of Lake Geneva can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lake Geneva is $1,250/month compared to $1,202/month in Paddock Lake — a 4% difference. Home values follow the same pattern: Paddock Lake is more affordable at $242,800 median vs $323,000.

Median household income in Lake Geneva is $73,199 compared to $88,438 in Paddock Lake (-17.2%). Paddock Lake offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lake Geneva spend roughly 20.5% of their income on rent, more than the 16.3% in Paddock Lake.