Quick facts: Cochrane, WI

Quick Facts

100.2
Cost of Living
above US average
423
Population
35.46
Crime Rate per 1000
above US average
$65,625
Median Income
below US average
$85,000
Median House Price
above US average
$1325
Average Rent
below US average
8%
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 $65,625.

🏠

Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $85,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,625) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1325/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,625) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cochrane, WI

Cochrane is a quaint village located in Buffalo County, Wisconsin, nestled alongside the picturesque Chippewa River. With a population of around 500 residents, it embodies small-town charm and a close-knit community atmosphere. The village is part of the larger Eau Claire-La Crosse Metropolitan Area, making it accessible yet distinct from bustling urban life. The surrounding area offers abundant natural beauty, with opportunities for outdoor activities such as fishing, hiking, and exploring the scenic landscapes that define Western Wisconsin. Cochrane is near the famous Lake Pepin, which provides recreational opportunities for boating and water sports. Cochrane also hosts local events and festivals that strengthen community bonds, showcasing the village's rich agricultural heritage and fostering a sense of pride among residents. The local economy is primarily supported by agriculture, small businesses, and tourism, reflecting the village's commitment to sustainability and community development. Overall, Cochrane, WI, is a peaceful retreat that emphasizes community values and connection to nature, ideal for those seeking a serene lifestyle.

πŸ” Search & Compare Places

First Location πŸ“