Cost of Living in Lake tomahawk, WI
Housing
The housing market plays a significant role in determining the cost of living in Lake tomahawk, WI.
- Housing Index: 99.2 / 100
- Median Home Price is: $178,000
- Average Rent (2 BR Apartment): $1325 per month
- Average Rent (2 BR House): $1440 per month
Based on the current data for Lake tomahawk, WI, we notice a housing index of 99.2, indicating an emerging market. The median home price stands at an affordable 178000, making homeownership more accessible for potential buyers. However, the absence of average rents for a 2-bedroom apartment and house suggests potential limitations in rental opportunities. This might signal either a lack of rental properties or an unsettled rental market. Moving forward, considering the home price, examine local employment opportunities and amenities to ensure a balanced decision about relocating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lake tomahawk, 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.): $231 per month
Living in Lake tomahawk, 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 $231 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 tomahawk is a financially viable option for your relocation.