Oconomowoc Lake, WI
Population 699 · Wisconsin
About Oconomowoc Lake, WI
Oconomowoc Lake is a small community located in Wisconsin with a population of 699 residents according to the latest US Census Bureau American Community Survey data. The median household income is $250,001 per year, which is 233% above the national median of $75,149. The median age of 55.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Oconomowoc Lake features a median home value of $1,328,700, which is 443% above the national median of $244,900. This places Oconomowoc Lake in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 338 total housing units, 99% are owner-occupied (237 units) and 1% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Oconomowoc Lake shows an unemployment rate of 1.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Oconomowoc Lake have an average one-way commute time of 24 minutes.
Education & Demographics
71.8% of Oconomowoc Lake residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 3.3% White, 0.0% Hispanic or Latino, 0.3% Black or African American, and 0.3% Asian residents, with 6.3% of the population being foreign-born.
How Oconomowoc Lake Ranks in Wisconsin
Cost of Living in Oconomowoc Lake, WI
Compared to national averages, Oconomowoc Lake has a median household income of $250,001 (233% above the national median of $75,149). Home values average $1,328,700, which is 443% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wisconsin, Oconomowoc Lake's income is 244% above the state average of $72,579, and home values are 546% above the state median of $205,802.
Why Live in Oconomowoc Lake, WI?
Oconomowoc Lake offers a strong local economy with a median household income of $250,001, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.2%. Additionally, the city features a well-educated community where 71.8% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.1%, better than the national average, and short commute times averaging just 24 minutes.
Potential considerations include a competitive housing market where the typical home costs $1,328,700. However, Oconomowoc Lake’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Oconomowoc Lake has a population of 699 with a median age of 55.5 years. Compare Oconomowoc Lake with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Oconomowoc Lake
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Elmwood | 699 | $55,313 | $165,000 | Compare |
| Mount Calvary | 699 | $84,886 | $201,400 | Compare |
| Rockland | 698 | $75,625 | $213,600 | Compare |
| Siren | 700 | $39,688 | $172,500 | Compare |
| Tigerton | 698 | $57,139 | $122,600 | Compare |
| Biron | 694 | $58,000 | $154,000 | Compare |
| Brownsville | 693 | $100,341 | $235,100 | Compare |
| Cassville | 693 | $57,708 | $113,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Oconomowoc Lake With Other Cities
Frequently Asked Questions about Oconomowoc Lake
What is the population of Oconomowoc Lake, WI?
The population of Oconomowoc Lake, WI is 699 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Oconomowoc Lake?
The median household income in Oconomowoc Lake, WI is $250,001 per year, which is 233% above the national median of $75,149.
What is the median home value in Oconomowoc Lake?
The median home value in Oconomowoc Lake, WI is $1,328,700, which is 443% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Oconomowoc Lake?
The median monthly rent in Oconomowoc Lake, WI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Oconomowoc Lake?
The unemployment rate in Oconomowoc Lake, WI is 1.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Oconomowoc Lake, WI a good place to live?
Oconomowoc Lake offers above-average incomes, a competitive housing market, and a strong job market. With a population of 699 and a median age of 55.5, the city appeals to established professionals and retirees.
How educated is Oconomowoc Lake, WI?
71.8% of residents in Oconomowoc Lake aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Oconomowoc Lake?
Key cost-of-living indicators for Oconomowoc Lake, WI: median home value is $1,328,700 (443% above national), median rent is $0/month, and median household income is $250,001. The home-value-to-income ratio is 5.3x, a moderate figure by national standards.
What is the poverty rate in Oconomowoc Lake?
The poverty rate in Oconomowoc Lake, WI is 2.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Oconomowoc Lake, WI?
Oconomowoc Lake's population is 3.3% White, 0.0% Hispanic or Latino, 0.3% Black or African American, 0.3% Asian, and 0.0% two or more races. 6.3% of residents are foreign-born.