Quick facts: Hudson, WI

Quick Facts

100.2
Cost of Living
above US average
15,186
Population
25.55
Crime Rate per 1000
above US average
$90,250
Median Income
above US average
$499,900
Median House Price
above US average
$1891.43
Average Rent
above US average
6%
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 $90,250.

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Income Needed to Buy

βœ— Stretch
$157k/year
Based on $499,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $157k vs median $90,250
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Income Needed to Rent

βœ“ Affordable
$81k/year
Based on $1891.43/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hudson, WI

Hudson, Wisconsin, is a charming city located in St. Croix County, nestled along the banks of the St. Croix River. It is part of the Twin Cities metropolitan area and lies just across the river from Minnesota, making it a popular location for commuters. The city boasts a rich history, with a vibrant downtown area that features historic buildings, local shops, and a variety of dining options. Hudson is known for its picturesque views and outdoor recreational opportunities, including parks, trails, and water activities on the St. Croix River. The area's natural beauty attracts visitors year-round, whether for hiking in the summer or enjoying winter sports. The annual Hudson Hot Air Affair, a winter festival, draws crowds with its colorful balloon launches and community activities. The city has a family-friendly atmosphere and a strong sense of community, with various events and festivals throughout the year. Education is a priority in Hudson, with quality schools serving the area. Overall, Hudson is a vibrant and welcoming city that offers a small-town feel with convenient access to larger metropolitan amenities.

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