Quick facts: Butler, WI

Quick Facts

100.2
Cost of Living
above US average
1,811
Population
11.04
Crime Rate per 1000
below US average
$65,000
Median Income
below US average
$319,900
Median House Price
above US average
$1325
Average Rent
below US average
5%
Poverty Rate
below US average
3.5%
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 $65,000.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $319,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $65,000
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Butler, WI

Butler is a quaint village located in Waukesha County, Wisconsin, with a population of around 1,800 residents. Nestled just a few miles northwest of Milwaukee, it offers a small-town charm while being conveniently close to the amenities of a larger city. The village features a variety of local parks and recreational opportunities, making it ideal for families and outdoor enthusiasts. The community is characterized by its friendly atmosphere and strong neighborhood ties, hosting events like the annual Butler Fun Fest that brings residents together for food, music, and activities. Local businesses contribute to the village's economy and provide residents with access to everyday necessities. Residents benefit from a low crime rate and a commitment to public safety, contributing to Butler's appeal as a great place to live. The village also has a diverse range of housing options, from single-family homes to apartments, attracting a mix of families, retirees, and young professionals. With its strategic location, Butler offers easy access to Milwaukee's cultural attractions, dining, and shopping, making it a delightful blend of serene suburban life and urban accessibility.

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