Cost of Living in Salem Lakes, WI
Population 14,521 · Wisconsin · Data vintage 2023
(100 = US avg)
Salem Lakes is a smaller Wisconsin community of around 15000 residents, where median household incomes of $94,554 and housing costs ($282,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 35 miles north of Elgin, Salem Lakes falls within that metro's commuting orbit. Median home values run roughly 12% higher than Elgin's $252,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Salem Lakes
The median home value in Salem Lakes is $281,500 — 8% below the national median of $305,000. Median rent runs $1,132/month, 14% lower than the national median of $1,314/month. The median household income of $94,554/year is 27% higher than the US median of $74,580. The local unemployment rate is 4.6%, below 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, Salem Lakes has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.
🏠 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
Frequently Asked Questions
What is the cost of living in Salem Lakes, WI?
Salem Lakes has a cost index of 90 (100 = national average). It is 10% below the national average.
What is average rent in Salem Lakes, WI?
The median gross rent in Salem Lakes is $1,132 per month based on 2023 Census data.
What is the average home price in Salem Lakes?
The median home value in Salem Lakes is $281,500 according to 2023 Census ACS data.
What is the median income in Salem Lakes?
The median household income in Salem Lakes is $94,554 per year (2023 ACS 5-year estimates).
What is the sales tax in Salem Lakes, WI?
The combined state and local sales tax rate in Salem Lakes is 5.4%. The Wisconsin state income tax top rate is 7.7%.
Is Salem Lakes, WI affordable?
Salem Lakes is near the national average in terms of cost of living, with an index of 90 (100 = US average).
Salem Lakes at a Glance
- Population
- 14,521
- Median Income
- $94,554
- Home Value
- $281,500
- Median Rent
- $1,132/mo
- Unemployment
- 4.6%
- Sales Tax
- 5.4%
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Wisconsin Rankings
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