Quick facts: Shawano, WI

Quick Facts

100.2
Cost of Living
above US average
40,886
Population
0.56
Crime Rate per 1000
below US average
$65,493
Median Income
below US average
$180,000
Median House Price
above US average
$1550.0
Average Rent
above US average
9%
Poverty Rate
below US average
3.1%
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 $65,493.

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Income Needed to Buy

βœ“ Affordable
$56k/year
Based on $180,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,493) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1550.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $65,493
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Shawano, WI

Shawano, Wisconsin, is a charming city located in Shawano County in the northeastern part of the state. With a population of around 9,000 residents, Shawano boasts a tight-knit community and a rich history that dates back to its founding in the mid-1800s. The city is situated near the beautiful Shawano Lake, a popular destination for outdoor enthusiasts, offering opportunities for fishing, boating, and swimming. The downtown area features a mix of local shops, restaurants, and cafes, showcasing the small-town charm and hospitality. Shawano is also known for its cultural attractions, including the Shawano County Historical Museum, which highlights the area's heritage and history. Surrounded by lush forests and parks, Shawano offers numerous recreational activities, including hiking, wildlife viewing, and camping. The city hosts several annual events and festivals, fostering community spirit and local pride. Shawano is easily accessible via major highways and is within driving distance of larger cities like Green Bay, making it a peaceful yet connected place to live or visit.

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