Cost of Living in Delavan Lake, WI

With a cost of living index of 83, Delavan Lake, WI is a very affordable place to live. Living here is 17% cheaper than the national average and 4% above the Wisconsin state average of 79. Delavan Lake is a small community of 2,728 residents.

Housing costs are the biggest factor in Delavan Lake's cost of living. The median monthly rent is $875 (34% below the US median of $1,319), and the median home value sits at $292,100 (4% below the national median of $304,900). At current prices, the median home costs roughly 4.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Delavan Lake is $71,042, which is 5% lower than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.