Quick facts: Mukwonago, WI

Quick Facts

100.2
Cost of Living
above US average
8,446
Population
12.08
Crime Rate per 1000
below US average
$91,827
Median Income
above US average
$499,900
Median House Price
above US average
$1325
Average Rent
below US average
5%
Poverty Rate
below US average
3.4%
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 $91,827.

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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 $91,827
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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 ($91,827) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mukwonago, WI

Mukwonago is a charming village located in Waukesha County, Wisconsin. Nestled between the scenic Kettle Moraine State Forest and a variety of lakes, it offers stunning natural beauty alongside a quaint, small-town atmosphere. The village is known for its rich history, with roots dating back to the 1830s, and features a variety of historical sites and buildings. Mukwonago features a vibrant community with a multitude of parks, recreational activities, and local events that bring residents together. The Mukwonago River runs through the area, providing opportunities for fishing, kayaking, and enjoying the outdoors. The nearby Mukwonago River Trail is perfect for hiking and nature walks. With a population of approximately 8,000 residents, Mukwonago boasts a close-knit community feel while being conveniently located just a short drive from Milwaukee and other larger urban areas. It has a mix of local shops, restaurants, and schools, making it an appealing choice for families and those seeking a peaceful lifestyle with access to city amenities. Overall, Mukwonago combines nature and community, making it a desirable place to live and explore.

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