Cost of Living in Lake Tomahawk, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.8
100 = national avg
-14.2 vs national average
Living Wage (1 Adult)
$37,752
per year
Living Wage (Family of 4)
$89,231
per year
Cost Index by Category
Housing91.5
Food87.6
Transportation75.2
Healthcare90.1
Utilities90.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$887
per month
2 Bedroom
$1,013
per month
The overall cost of living index in Lake Tomahawk is 85.8, which is 14.2% below the national average. Housing costs are below the national average at an index of 91.5. A single adult needs to earn approximately $37,752 per year to cover basic expenses.