Lake Geneva, WI vs Williams Bay, WI

Williams Bay is moderately more affordable than Lake Geneva, with a 8.4% lower cost of living index. Lake Geneva scores 97 compared to 90 for Williams Bay, 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 $799/month in Williams Bay — a 56% difference. Interestingly, home values tell a different story: while Williams Bay has cheaper rent, Lake Geneva actually has lower median home values ($323,000 vs $397,600).

Median household income in Lake Geneva is $73,199 compared to $70,568 in Williams Bay (+3.7%). Lake Geneva does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Lake Geneva spend roughly 20.5% of their income on rent, more than the 13.6% in Williams Bay.