New Berlin, WI vs Oconomowoc, WI

New Berlin, WI and Oconomowoc, WI have a very similar cost of living, with only a 3.3% difference in their overall index. New Berlin scores 104 while Oconomowoc scores 101 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in New Berlin is $1,409/month compared to $1,235/month in Oconomowoc — a 14% difference. Interestingly, home values tell a different story: while Oconomowoc has cheaper rent, New Berlin actually has lower median home values ($343,500 vs $367,700).

Median household income in New Berlin is $97,414 compared to $105,833 in Oconomowoc (-8%). Oconomowoc offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Berlin spend roughly 17.4% of their income on rent, more than the 14% in Oconomowoc.