Quick facts: Lake tomahawk, WI

Quick Facts

100.2
Cost of Living
above US average
1,029
Population
4.86
Crime Rate per 1000
below US average
$53,000
Median Income
below US average
$449,900
Median House Price
above US average
$1250.0
Average Rent
below 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 $53,000.

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Income Needed to Buy

βœ— Stretch
$141k/year
Based on $449,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $141k vs median $53,000
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1250.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $53,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lake tomahawk, WI

Lake Tomahawk is a charming small community located in Oneida County, Wisconsin. Nestled within the picturesque Northwoods region, this town is known for its stunning natural beauty, featuring numerous lakes, forests, and outdoor recreational opportunities. The area is ideal for fishing, boating, and swimming, particularly in the crystal-clear waters of Lake Tomahawk itself. With a population of approximately 1,000 residents, Lake Tomahawk maintains a tranquil, tight-knit atmosphere. The community is rich in history and offers a mix of year-round and seasonal activities. Outdoor enthusiasts can enjoy hiking trails, snowmobiling, and birdwatching, while the nearby area is perfect for ATV riding. The town hosts events throughout the year, fostering a strong sense of community among residents and visitors alike. Local amenities include cozy shops, restaurants, and access to recreational facilities. Whether you're seeking a peaceful retreat or an adventurous getaway, Lake Tomahawk is an inviting destination to explore Wisconsin’s natural splendor.

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