Cost of Living in Lake geneva, WI
Housing
The housing market plays a significant role in determining the cost of living in Lake geneva, WI.
- Housing Index: 115.0 / 100
- Median Home Price is: $273000
- Average Rent (2 BR Apartment): $1400 per month
- Average Rent (2 BR House): $1436 per month
Considering a move to Lake geneva, WI? The housing index stands at 115.0, suggesting the area's cost of living is slightly above the national average. With a median home price of 273000, purchasing a home might be a long-term investment, especially if you're seeking stability in your living situation. The average rent for a 2-bedroom apartment is 1400 and for a house, it's 1436. Note that high rental prices compared to home buying costs could mean better value in purchasing, particularly over time in a growing market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake geneva, WI.
- Electricity Price: $17.6 USD (median by state)
- Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Lake geneva, WI could entail higher utility costs. Electricity costs sit at $17.6, while natural gas is priced at $11.5 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lake geneva is a financially viable option for your relocation.