Quick facts: Frederic, WI

Quick Facts

100.2
Cost of Living
above US average
1,150
Population
20.0
Crime Rate per 1000
below US average
$50,250
Median Income
below US average
$187,500
Median House Price
above US average
$1500.0
Average Rent
above US average
8%
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 $50,250.

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Income Needed to Buy

βœ— Stretch
$59k/year
Based on $187,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $59k vs median $50,250
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1500.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $50,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Frederic, WI

Frederic, Wisconsin, is a charming small village located in Polk County, nestled in the northwestern part of the state. With a population of around 1,200 residents, this quaint community is surrounded by natural beauty, featuring picturesque lakes and forests. The village offers a peaceful, rural lifestyle, making it ideal for outdoor enthusiasts and those seeking a close-knit community atmosphere. Frederic is known for its vibrant arts and cultural scene, highlighted by local events and festivals throughout the year. The area is also rich in history, with several historical buildings and landmarks. Outdoor activities abound, including fishing, hiking, and snowmobiling, thanks to its proximity to the scenic Namekagon River and the nearby Chequamegon National Forest. Local amenities include unique shops, dining options, and recreational facilities. The community takes pride in its strong local character and values, fostering a welcoming environment for residents and visitors alike. Frederic serves as a perfect base for exploring the great outdoors while enjoying the charm of small-town living.

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