Cost of Living in Fox Lake, WI

With a cost of living index of 80, Fox Lake, WI is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Wisconsin state average. Fox Lake is a small community of 1,765 residents.

Housing costs are the biggest factor in Fox Lake's cost of living. The median monthly rent is $1,102 (16% below the US median of $1,319), and the median home value sits at $171,300 (44% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Fox Lake is $78,409, which is 4% higher than the national median of $75,149. Residents spend roughly 17% 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.