Quick facts: Amberg, WI

Quick Facts

100.2
Cost of Living
above US average
715
Population
27.97
Crime Rate per 1000
above US average
$50,000
Median Income
below US average
$120,000
Median House Price
above US average
$1325
Average Rent
below US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $50,000.

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Income Needed to Buy

βœ“ Affordable
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Amberg, WI

Amberg is a small, charming town located in Marinette County, Wisconsin. Nestled in the heart of the picturesque Northwoods, Amberg is known for its serene natural beauty, surrounded by lush forests, clear lakes, and outdoor recreational opportunities. The town has a close-knit community feel, making it a peaceful retreat for those seeking a slower pace of life. Outdoor enthusiasts will find plenty to do in the area, with opportunities for fishing, hiking, and snowmobiling throughout the year. The nearby Peshtigo River State Forest offers access to beautiful trails and waterways, perfect for both summer and winter activities. Amberg's local amenities are limited, but the small-town charm fosters a welcoming environment. Residents and visitors can enjoy local dining options and small shops, giving a taste of the area's culture. The town also hosts various community events that bring residents together, showcasing the friendly atmosphere that Amberg is known for. Overall, Amberg provides a tranquil setting perfect for anyone looking to escape the hustle of city life and enjoy the outdoors.

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