Paddock Lake, WI vs Waukesha, WI

Paddock Lake is moderately more affordable than Waukesha, with a 7.7% lower cost of living index. Paddock Lake scores 92 compared to 99 for Waukesha, where the US average is 100. This difference means residents of Waukesha can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Paddock Lake is $1,202/month compared to $1,167/month in Waukesha — a 3% difference. Interestingly, home values tell a different story: while Waukesha has cheaper rent, Paddock Lake actually has lower median home values ($242,800 vs $375,700).

Median household income in Paddock Lake is $88,438 compared to $126,286 in Waukesha (-30%). While Waukesha is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Paddock Lake spend roughly 16.3% of their income on rent, more than the 11.1% in Waukesha.