Quick facts: Eau claire, WI

Quick Facts

100.2
Cost of Living
above US average
69,737
Population
23.59
Crime Rate per 1000
above US average
$63,882
Median Income
below US average
$219,900
Median House Price
above US average
$1207.43
Average Rent
below US average
10%
Poverty Rate
below US average
3.0%
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 $63,882.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $219,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $63,882
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Income Needed to Rent

βœ“ Affordable
$52k/year
Based on $1207.43/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,882) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eau claire, WI

Eau Claire, Wisconsin, is a vibrant city situated in the west-central part of the state. Known for its rich history and scenic beauty, Eau Claire is nestled at the confluence of the Chippewa and Eau Claire rivers. The city boasts a population of around 68,000 residents and is recognized for its friendly atmosphere and community-oriented lifestyle. Eau Claire is home to the University of Wisconsin-Eau Claire, which plays a significant role in the local culture and economy, contributing to a youthful energy and vibrant arts scene. The city offers numerous parks, bike trails, and outdoor recreational activities, making it ideal for nature enthusiasts. Culturally, Eau Claire hosts various events and festivals, including the annual Eaux Claires Music & Arts Festival, attracting talent and visitors from around the region. The downtown area is dotted with eclectic shops, cafes, and art galleries, highlighting local talent and craftsmanship. With its mix of urban charm and outdoor adventure, Eau Claire is a great place to live, work, and explore, making it a hidden gem in Wisconsin.

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