Oconomowoc, WI vs Wauwatosa, WI

Oconomowoc, WI and Wauwatosa, WI have a very similar cost of living, with only a 0.7% difference in their overall index. Oconomowoc scores 101 while Wauwatosa scores 100 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 $1,373/month in Wauwatosa — a 10% difference. Interestingly, home values tell a different story: while Oconomowoc has cheaper rent, Wauwatosa actually has lower median home values ($307,600 vs $367,700).

Median household income in Oconomowoc is $105,833 compared to $93,859 in Wauwatosa (+12.8%). While Oconomowoc 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, less than the 17.6% in Wauwatosa.