Cost of Living in Paddock Lake, WI

With a cost of living index of 92, Paddock Lake, WI is slightly more affordable than average. Living here is 8% cheaper than the national average and 12% above the Wisconsin state average of 79. Paddock Lake is a small community of 2,965 residents.

Housing costs are the biggest factor in Paddock Lake's cost of living. The median monthly rent is $1,202 (9% below the US median of $1,319), and the median home value sits at $242,800 (20% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Paddock Lake is $88,438, which is 18% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Kenosha, WI (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.