Quick facts: Lake nebagamon, WI

Quick Facts

100.2
Cost of Living
above US average
1,128
Population
Crime rate Data is updating, will be available soon
$74,444
Median Income
below US average
$129,900
Median House Price
above US average
$2000.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $74,444.

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Income Needed to Buy

βœ“ Affordable
$41k/year
Based on $129,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($74,444) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$86k/year
Based on $2000.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $86k vs median $74,444
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake nebagamon, WI

Lake Nebagamon is a charming village located in Douglas County, Wisconsin. Nestled near the shores of Lake Nebagamon, the area boasts a picturesque landscape characterized by its serene waters, sprawling forests, and abundant wildlife. This small community, with a population of around 600 residents, offers a peaceful retreat for residents and visitors alike. The village is particularly popular for outdoor recreational activities year-round, including fishing, boating, swimming, and hiking in the warmer months, and snowmobiling, ice fishing, and cross-country skiing during winter. The surrounding natural beauty makes it an ideal spot for nature lovers and outdoor enthusiasts. Lake Nebagamon serves as a close-knit community with local events that foster camaraderie among residents. While it is a small village, it is conveniently located near larger towns such as Superior and Duluth, providing access to additional amenities and services. Overall, Lake Nebagamon offers a tranquil lifestyle amidst beautiful nature, making it a hidden gem in Wisconsin.

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