Quick facts: Coloma, WI

Quick Facts

100.2
Cost of Living
above US average
455
Population
21.98
Crime Rate per 1000
below US average
$78,125
Median Income
below US average
$179,000
Median House Price
above US average
$1325
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
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 $78,125.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $179,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($78,125) exceeds requirement
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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 ($78,125) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Coloma, WI

Coloma is a quaint village located in Waushara County, Wisconsin. Nestled amidst the picturesque landscapes of central Wisconsin, Coloma boasts a small-town charm with a friendly community atmosphere. The village covers a modest area and is surrounded by natural beauty, including lakes and forests, making it a great spot for outdoor enthusiasts. The local economy is largely supported by agriculture, small businesses, and tourism, with visitors attracted by nearby recreational opportunities such as fishing, camping, and hiking. Coloma is also known for its annual events and festivals, which foster community spirit and bring residents together. The village features a range of amenities, including parks, local shops, and eateries, where visitors can enjoy the warmth of a small community. Its proximity to larger cities like Wautoma and Stevens Point offers residents access to additional services and amenities. Overall, Coloma, WI, is a serene and welcoming destination for those looking to experience the tranquility of rural Wisconsin.

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