Oconomowoc Lake, WI
Population 699 · Wisconsin
About Oconomowoc Lake, WI
Oconomowoc Lake is a small community in Wisconsin with a population of 699 residents. The median household income is $250,001 per year, which is above the national average. The median age in Oconomowoc Lake is 55.5 years.
Housing in Oconomowoc Lake has a median home value of $1,328,700 and median monthly rent of $0. Of the 338 total housing units, the majority are owner-occupied, with 237 owner-occupied and 3 renter-occupied units.
The unemployment rate in Oconomowoc Lake is 1.2% and the poverty rate is 2.1%. 71.8% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
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.
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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 Census data.
What is the median household income in Oconomowoc Lake?
The median household income in Oconomowoc Lake, WI is $250,001 per year.
What is the median home value in Oconomowoc Lake?
The median home value in Oconomowoc Lake, WI is $1,328,700.
What is the average rent in Oconomowoc Lake?
The median monthly rent in Oconomowoc Lake, WI is $0.
What is the unemployment rate in Oconomowoc Lake?
The unemployment rate in Oconomowoc Lake, WI is 1.2%.