Quick facts: Lake geneva, WI

Quick Facts

110.2
Cost of Living
above US average
8,544
Population
18.61
Crime Rate per 1000
below US average
$62,883
Median Income
below US average
$560,000
Median House Price
above US average
$4177.61
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 $62,883.

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Income Needed to Buy

βœ— Stretch
$176k/year
Based on $560,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $176k vs median $62,883
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Income Needed to Rent

⚠ Stretch
$179k/year
Based on $4177.61/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $179k vs median $62,883
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake geneva, WI

Lake Geneva, located in western Walworth County, Wisconsin, is a charming resort city known for its picturesque lakeside setting and vibrant tourist scene. Nestled along the shores of Geneva Lake, the area boasts stunning waterfront views, a rich history, and a range of outdoor recreational activities. The city features a beautiful lakefront promenade, perfect for leisurely strolls, biking, or enjoying lakeside picnics. Lake Geneva is famous for its historic mansions, including the iconic Black Point Estate, along with the annual Venetian Fest, which celebrates the city’s cultural heritage. The downtown area is bustling with boutique shops, restaurants, and art galleries, offering something for everyone. Outdoor enthusiasts flock to the region for boating, fishing, hiking, and golf, with numerous parks and trails available. In winter, the area transforms into a winter wonderland, attracting visitors for ice fishing, snowshoeing, and nearby ski resorts. With its blend of natural beauty, recreational activities, and rich history, Lake Geneva is a beloved destination for both relaxation and adventure.

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