Quick facts: Eldorado, WI

Quick Facts

100.2
Cost of Living
above US average
1,463
Population
1.37
Crime Rate per 1000
below US average
$58,000
Median Income
below US average
$179,999
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 $58,000.

🏠

Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $179,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,000) exceeds requirement
🏒

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 ($58,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eldorado, WI

Eldorado, Wisconsin, is a small, charming village located in Fond du Lac County. Nestled in a rural setting, Eldorado boasts a population of around 600 residents, creating a tight-knit community atmosphere. The village is characterized by its serene landscapes and natural beauty, surrounded by farmland and woods, making it an ideal spot for outdoor enthusiasts. Eldorado is known for its friendly community events and local gatherings, often reflecting the small-town spirit of Wisconsin. The village provides basic amenities for residents, while larger shopping and entertainment options are available in nearby Fond du Lac, just a short drive away. Residents here enjoy a slower pace of life, with opportunities for recreational activities like hiking, fishing, and camping in the surrounding areas. Eldorado also has rich historical roots, evident in its well-preserved architecture and local heritage. For those looking to experience a slice of quintessential rural Wisconsin life, Eldorado offers a quaint and welcoming environment.

πŸ” Search & Compare Places

First Location πŸ“