Oconomowoc, WI vs Vernon, WI

Oconomowoc, WI and Vernon, WI have a very similar cost of living, with only a 0.8% difference in their overall index. Oconomowoc scores 101 while Vernon scores 102 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 Oconomowoc is $1,235/month compared to $1,159/month in Vernon — a 7% difference. Interestingly, home values tell a different story: while Vernon has cheaper rent, Oconomowoc actually has lower median home values ($367,700 vs $412,600).

Median household income in Oconomowoc is $105,833 compared to $121,401 in Vernon (-12.8%). While Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Oconomowoc spend roughly 14% of their income on rent, more than the 11.5% in Vernon.