Cost of Living in Lake Geneva, WI

With a cost of living index of 97, Lake Geneva, WI is slightly more affordable than average. Living here is 3% cheaper than the national average and 18% above the Wisconsin state average of 79. Lake Geneva is a smaller community of 8,443 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Lake Geneva's cost of living. The median monthly rent is $1,250 (5% below the US median of $1,319), and the median home value sits at $323,000 (6% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lake Geneva is $73,199, which is 3% lower than the national median of $75,149. Residents spend roughly 20% 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.