Quick facts: Prairie farm, WI

Quick Facts

100.2
Cost of Living
above US average
498
Population
50.2
Crime Rate per 1000
above US average
$55,192
Median Income
below US average
$175,000
Median House Price
above US average
$1325
Average Rent
below US average
10%
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 $55,192.

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Income Needed to Buy

βœ“ Affordable
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,192) 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 $55,192
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Prairie farm, WI

Prairie Farm is a quaint village located in Barron County, Wisconsin. The village has a small-town charm, characterized by its close-knit community and scenic rural surroundings. With a population of just over 800 residents, it offers a peaceful lifestyle away from the hustle and bustle of larger cities. The area is known for its agricultural roots, with many residents involved in farming and dairy production. Prairie Farm's landscape is dotted with lush fields, rolling hills, and beautiful natural scenery, making it a picturesque spot for those who enjoy outdoor activities like hiking, fishing, and hunting. In terms of amenities, Prairie Farm features local shops, dining options, and recreational facilities. The nearby Blue Hills area provides opportunities for exploring nature, while the village itself hosts community events and gatherings that bring residents together. The school system in Prairie Farm is part of the larger Barron Area School District, which prioritizes education and community involvement. Overall, Prairie Farm is ideal for those looking for a friendly community with a strong sense of local tradition and ample opportunities for outdoor recreation.

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