Quick facts: Beaver dam, WI

Quick Facts

100.2
Cost of Living
above US average
16,582
Population
8.44
Crime Rate per 1000
below US average
$65,802
Median Income
below US average
$294,900
Median House Price
above US average
$1333.33
Average Rent
below US average
Poverty rate Data is updating, will be available soon
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 $65,802.

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Income Needed to Buy

βœ— Stretch
$93k/year
Based on $294,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $93k vs median $65,802
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1333.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,802) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beaver dam, WI

Beaver Dam is a charming city located in Dodge County, Wisconsin. With a population of around 16,000, it serves as a hub for community activities and commerce in the region. The city is known for its picturesque landscapes, featuring Beaver Dam Lake, which offers various recreational opportunities like boating, fishing, and swimming. Beaver Dam boasts a rich history, with its roots dating back to the mid-19th century. The historic downtown area is home to a variety of shops, restaurants, and local businesses, fostering a sense of community and small-town charm. The city hosts several annual events, including the Beaver Dam Community Festivals, which celebrate local culture and bring residents together. Outdoor enthusiasts can explore numerous parks and trails, contributing to Beaver Dam's appeal as a family-friendly destination. The nearby Dodge County Fairgrounds also hosts events throughout the year, attracting visitors from surrounding areas. With its blend of recreational activities, community spirit, and historic charm, Beaver Dam, WI, offers a delightful mix of small-town living and natural beauty.

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