Quick facts: Elderon, WI

Quick Facts

100.2
Cost of Living
above US average
638
Population
7.84
Crime Rate per 1000
below US average
$60,000
Median Income
below US average
$259,068
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 $60,000.

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Income Needed to Buy

βœ— Stretch
$81k/year
Based on $259,068 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $81k vs median $60,000
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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 ($60,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elderon, WI

Elderon is a small village located in Marathon County, Wisconsin. With a close-knit community and picturesque rural surroundings, it offers a tranquil lifestyle away from the hustle and bustle of larger urban centers. The village is primarily residential, with a population that values the simplicity of small-town living. Elderon is situated near the scenic Wisconsin River, providing various outdoor recreational opportunities such as fishing, hiking, and camping. The area is characterized by its beautiful landscapes, including forests and farmland, making it appealing for nature enthusiasts. Local amenities are limited but include essential services and a few small businesses. Residents enjoy a slower pace of life, with community events often bringing people together. The village is also part of the larger Wausau metropolitan area, allowing for access to additional services, shopping, and cultural experiences just a short drive away. Overall, Elderon embodies the charm of rural Wisconsin, offering a peaceful retreat for those who appreciate a close-knit community and the beauty of the countryside.

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