Quick facts: Blue mounds, WI

Quick Facts

100.2
Cost of Living
above US average
924
Population
9.74
Crime Rate per 1000
below US average
$71,094
Median Income
below US average
$375,000
Median House Price
above US average
$1649.5
Average Rent
above US average
8%
Poverty Rate
below US average
2.4%
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 $71,094.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $71,094
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Income Needed to Rent

βœ“ Affordable
$71k/year
Based on $1649.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($71,094) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Blue mounds, WI

Blue Mounds is a small village located in Dane County, Wisconsin. Nestled in the scenic Driftless Area, it is known for its stunning landscapes, featuring rolling hills and vibrant natural beauty. The village is situated approximately 25 miles west of Madison, the state capital, providing residents with a peaceful rural atmosphere while still being close enough to enjoy the amenities of a larger city. Blue Mounds is surrounded by several parks and outdoor recreational opportunities, including the nearby Blue Mound State Park, which is one of Wisconsin's highest points. This park offers hiking trails, camping facilities, and breathtaking views, making it a popular destination for nature enthusiasts. The community is characterized by its friendly, small-town vibe, with a close-knit population that values local traditions and outdoor activities. Blue Mounds hosts various events throughout the year, contributing to its charm and sense of community. Overall, Blue Mounds is an inviting place for those seeking a quiet lifestyle amidst the natural beauty of Wisconsin.

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