Oak Creek, WI

Average · 99

Wisconsin · Population 36,473 · Updated March 2026

$1,397
Median Rent / Month
$93,120
Median Income
$305,100
Median Home Value
$1,462
Owner Costs / Month

Affordability

How far your income goes in Oak Creek

18.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wisconsin

State-level tax rates that affect your costs

7.65%
Income Tax (Top Rate)
5.0%
Sales Tax
1.61%
Property Tax Rate

Estimated Annual Costs

$16,764
Annual Rent
$7,124
State Income Tax
$4,912
Property Tax (est.)

Cost of Living Overview

Oak Creek has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Oak Creek residents can expect to pay median rent of $1,397/month while earning a median household income of $93,120/year.

The median home value in Oak Creek, WI is $305,100, with typical monthly owner costs around $1,462 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wisconsin has a moderate income tax rate of 7.65%. Combined with a 5.0% sales tax rate and 1.61% effective property tax rate, the overall tax environment is a factor in the total cost of living in Oak Creek.

Frequently Asked Questions

Common questions about living costs in Oak Creek

What is the cost of living in Oak Creek, WI?
The cost of living index in Oak Creek, WI is 99 (US average = 100). Median monthly rent is $1,397, median household income is $93,120/year, and the median home value is $305,100.
Is Oak Creek, WI affordable?
Yes, Oak Creek is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 18.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oak Creek, WI?
The median gross rent in Oak Creek, WI is $1,397 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,764.
What is the median household income in Oak Creek?
The median household income in Oak Creek, WI is $93,120 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wisconsin?
Wisconsin has a top income tax rate of 7.65%, a sales tax of 5.0%, and an effective property tax rate of 1.61%.