Quick facts: Menomonee falls, WI

Quick Facts

100.2
Cost of Living
above US average
39,246
Population
9.81
Crime Rate per 1000
below US average
$96,986
Median Income
above US average
$499,900
Median House Price
above US average
$1575.92
Average Rent
above US average
5%
Poverty Rate
below US average
2.8%
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 $96,986.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $96,986
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Income Needed to Rent

βœ“ Affordable
$68k/year
Based on $1575.92/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($96,986) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Menomonee falls, WI

Menomonee Falls is a vibrant village located in Waukesha County, Wisconsin, situated just northwest of Milwaukee. Known for its picturesque landscapes and a strong sense of community, Menomonee Falls offers a blend of suburban charm and access to urban amenities. The village features numerous parks, including the beautiful Menomonee Park, which boasts walking trails, picnic areas, and open spaces for recreational activities. The downtown area is a mix of local shops, restaurants, and businesses, providing a cozy atmosphere for residents and visitors alike. Menomonee Falls is home to several annual events and festivals that foster community spirit, such as the Menomonee Falls Music Festival and seasonal farmers' markets. Transportation is convenient, with access to major highways, making it easy to commute to nearby Milwaukee and other regional hubs. The educational system in Menomonee Falls is well-regarded, with notable schools and access to higher education institutions. Overall, Menomonee Falls combines a friendly suburban lifestyle with the convenience and entertainment options of a larger city, making it an attractive place to live and visit.

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