Quick facts: Ogema, WI

Quick Facts

100.2
Cost of Living
above US average
684
Population
14.62
Crime Rate per 1000
below US average
$55,000
Median Income
below US average
$156,000
Median House Price
above US average
$1325
Average Rent
below US average
5%
Poverty Rate
below US average
3.0%
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 $55,000.

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Income Needed to Buy

βœ“ Affordable
$49k/year
Based on $156,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ogema, WI

Ogema is a small village located in Price County in north-central Wisconsin. Nestled amidst picturesque forests and lakes, it offers a peaceful, rural atmosphere, making it perfect for outdoor enthusiasts. The village is part of the larger Northwoods region, known for its stunning natural beauty, including nearby parks and recreational opportunities. Ogema boasts a tight-knit community with a rich agricultural heritage. Residents enjoy a range of seasonal activities like fishing, hunting, hiking, and snowmobiling, taking advantage of the surrounding wilderness areas. The nearby Chequamegon National Forest provides ample space for exploration, while the scenic beauty of the area makes it a hidden gem for those seeking tranquility and nature. The village itself features small local businesses and services, focusing on the needs of the community. While Ogema may not have extensive amenities found in larger cities, its charm lies in its simplicity and the warmth of its residents. Whether you're passing through or looking to immerse yourself in Wisconsin's Northwoods, Ogema offers a quaint escape from the hustle and bustle of urban life.

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