Salem Lakes, WI

Below Avg · 85

Wisconsin · Population 14,521 · Updated March 2026

$1,132
Median Rent / Month
$94,554
Median Income
$281,500
Median Home Value
$1,235
Owner Costs / Month

Affordability

How far your income goes in Salem Lakes

14.4%
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

$13,584
Annual Rent
$7,233
State Income Tax
$4,532
Property Tax (est.)

Cost of Living Overview

Salem Lakes offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Salem Lakes residents can expect to pay median rent of $1,132/month while earning a median household income of $94,554/year.

The median home value in Salem Lakes, WI is $281,500, with typical monthly owner costs around $1,235 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.4% 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 Salem Lakes.

Frequently Asked Questions

Common questions about living costs in Salem Lakes

What is the cost of living in Salem Lakes, WI?
The cost of living index in Salem Lakes, WI is 85 (US average = 100). Median monthly rent is $1,132, median household income is $94,554/year, and the median home value is $281,500.
Is Salem Lakes, WI affordable?
Yes, Salem Lakes is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 14.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Salem Lakes, WI?
The median gross rent in Salem Lakes, WI is $1,132 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,584.
What is the median household income in Salem Lakes?
The median household income in Salem Lakes, WI is $94,554 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%.