Quick facts: Stoddard, WI

Quick Facts

100.2
Cost of Living
above US average
860
Population
5.81
Crime Rate per 1000
below US average
$62,125
Median Income
below US average
$35,000
Median House Price
above US average
$2300.0
Average Rent
above US average
7%
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 $62,125.

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Income Needed to Buy

βœ“ Affordable
$11k/year
Based on $35,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($62,125) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$99k/year
Based on $2300.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $99k vs median $62,125
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stoddard, WI

Stoddard is a small village located in Vernon County, Wisconsin, with a population of around 700 residents. Nestled along the banks of the Mississippi River, Stoddard features picturesque rural landscapes and a charming small-town atmosphere. The village is known for its outdoor recreational opportunities, including fishing, boating, and hiking in the nearby scenic bluffs and parks. Stoddard is part of the La Crosse Metropolitan Statistical Area, which allows residents to enjoy the tranquility of rural living while having access to the amenities of a larger city. The village hosts various local events and celebrations that foster community spirit and engagement. The surrounding region offers diverse wildlife and natural beauty, making it popular for nature enthusiasts and those seeking a peaceful retreat. Despite its small size, Stoddard has a close-knit community feel, with a focus on family-friendly activities and local businesses. Overall, Stoddard is an ideal place for those looking to embrace a slower pace of life amidst the beauty of Wisconsin's landscapes.

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