Quick facts: Manitowoc, WI

Quick Facts

100.2
Cost of Living
above US average
34,570
Population
17.1
Crime Rate per 1000
below US average
$60,040
Median Income
below US average
$234,000
Median House Price
above US average
$1074.34
Average Rent
below US average
8%
Poverty Rate
below US average
3.3%
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 $60,040.

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Income Needed to Buy

βœ— Stretch
$73k/year
Based on $234,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $73k vs median $60,040
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Income Needed to Rent

βœ“ Affordable
$46k/year
Based on $1074.34/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,040) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Manitowoc, WI

Manitowoc is a charming city located on the western shore of Lake Michigan in Wisconsin. As the county seat of Manitowoc County, it has a population of approximately 33,000 residents. The city is steeped in history, known for its maritime heritage and thriving shipbuilding industry, with a rich collection of culture and art. A highlight of Manitowoc is its beautiful waterfront, featuring parks and trails where visitors can enjoy scenic views of Lake Michigan. The Maritime Museum offers an in-depth look at the city's nautical history, showcasing various ships and historical exhibits. Nature enthusiasts can explore the nearby Silver Creek Park or visit the Point Beach State Forest for hiking and wildlife viewing. Manitowoc also boasts a vibrant downtown area filled with unique shops, restaurants, and local breweries, making it a great spot for both locals and visitors. Annual events, such as the Manitowoc County Fair and various festivals, keep the community engaged and lively. Its combination of history, culture, and natural beauty makes Manitowoc a noteworthy place in Wisconsin.

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