Can A Carpenter Afford Rent in Oconomowoc, WI?

Stretched but workable — rent takes 38.6% of gross income.

Oconomowoc rent: June 2026. Salary: BLS OEWS May 2024 (Wisconsin state estimate).

Oconomowoc median rent
$1,862/mo
Carpenter salary (Wisconsin)
$57,893/yr
Rent as % of income
38.6%
Gross monthly income works out to about $4,824, and the 30% rule supports up to $1,447/mo in rent. Oconomowoc's median rent of $1,862 exceeds that threshold by $415/mo, putting a carpenter salary into the rent-burdened range here. A carpenter works roughly 66.9 hours a month to cover that rent.

About rent and a carpenter salary

Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.

Cheaper rent nearby

These Wisconsin cities have lower median rent than Oconomowoc, which improves the affordability math on a carpenter salary:

Grafton, WI
$1,861/mo (38.6% of income)
Hudson, WI
$1,857/mo (38.5% of income)
Monona, WI
$1,855/mo (38.5% of income)

Compare with full rent data for Oconomowoc

View full rent data for Oconomowoc, WI

Frequently asked questions

Can a carpenter afford rent in Oconomowoc, WI?

Median rent in Oconomowoc is $1,862 a month. A typical carpenter in Wisconsin earns about $57,893 a year, which makes that rent 38.6% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a carpenter afford in Oconomowoc?

Using the 30% rule, a carpenter salary in Wisconsin (~$57,893/yr) supports up to $1,447 a month in rent. Oconomowoc's current median rent is $1,862/mo, which is $415/mo over the affordability threshold.

How many hours does a carpenter work to cover rent in Oconomowoc?

At an hourly equivalent of about $28 an hour, a carpenter in Wisconsin works roughly 66.9 hours a month to cover Oconomowoc's median rent of $1,862.

Where is rent cheaper than Oconomowoc for a carpenter?

Nearby Wisconsin cities with lower median rent include Grafton ($1,861/mo), Hudson ($1,857/mo), Monona ($1,855/mo). Each shifts the affordability math materially on a carpenter salary.

Methodology: Salary uses the BLS-derived Wisconsin state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Oconomowoc, WI. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.