Quick facts: Sarona, WI

Quick Facts

100.2
Cost of Living
above US average
389
Population
51.41
Crime Rate per 1000
above US average
$55,000
Median Income
below US average
$110,000
Median House Price
above US average
$860.0
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 $55,000.

🏠

Income Needed to Buy

βœ“ Affordable
$35k/year
Based on $110,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$37k/year
Based on $860.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sarona, WI

Sarona, Wisconsin, is a charming village located in Washburn County in the northwestern part of the state. Known for its picturesque natural beauty, Sarona is surrounded by lush forests, serene lakes, and rolling hills, making it a popular destination for outdoor enthusiasts. The village is situated near the ice age trail, providing ample opportunities for hiking, biking, and exploring the stunning landscapes. Sarona has a small-town atmosphere with a tight-knit community, offering a peaceful living environment. The local economy is supported primarily by agriculture, tourism, and small businesses. The village features a few amenities including local shops, parks, and a school, catering to the needs of residents. Nearby, the larger town of Shell Lake and the city of Rice Lake provide additional services and recreational activities. With its rich natural surroundings and tranquil lifestyle, Sarona is an ideal location for those looking to escape the hustle and bustle of city life while enjoying the picturesque beauty of northwestern Wisconsin.

πŸ” Search & Compare Places

First Location πŸ“