Cost of Living in Lake Geneva, WI
Population 8,443 · Wisconsin · Data vintage 2023
(100 = US avg)
Lake Geneva is a smaller Wisconsin community of around 8000 residents, where median household incomes of $73,199 and housing costs ($323,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Lake Geneva is about 40 miles north of Elgin, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 28% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Lake Geneva
The median home value in Lake Geneva is $323,000 — 6% above the national median of $305,000. Median rent runs $1,250/month, 5% lower than the national median of $1,314/month. The median household income of $73,199/year is 2% lower than the US median of $74,580. The local unemployment rate is 5.1%, above the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. Overall, Lake Geneva has a cost of living index of 102 versus the US average of 100, meaning it is 2% more expensive.
Lake Geneva has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Lake Geneva, WI?
Lake Geneva has a cost index of 102 (100 = national average). It is 2% above the national average.
What is average rent in Lake Geneva, WI?
The median gross rent in Lake Geneva is $1,250 per month based on 2023 Census data.
What is the average home price in Lake Geneva?
The median home value in Lake Geneva is $323,000 according to Zillow and Census data.
What is the median income in Lake Geneva?
The median household income in Lake Geneva is $73,199 per year (2023 ACS 5-year estimates).
What is the sales tax in Lake Geneva, WI?
The combined state and local sales tax rate in Lake Geneva is 5.4%. The Wisconsin state income tax top rate is 7.7%.
Is Lake Geneva, WI affordable?
Lake Geneva is near the national average in terms of cost of living, with an index of 102 (100 = US average).
Lake Geneva at a Glance
- Population
- 8,443
- Median Income
- $73,199
- Home Value
- $323,000
- Median Rent
- $1,250/mo
- Unemployment
- 5.1%
- Sales Tax
- 5.4%
Nearby Cities
Explore county-level cost of living data
Wisconsin Rankings
Similar Cost Cities
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