Quick facts: Portage, WI

Quick Facts

100.2
Cost of Living
above US average
10,200
Population
21.37
Crime Rate per 1000
below US average
$59,619
Median Income
below US average
$84,000
Median House Price
above US average
$1325
Average Rent
below US average
10%
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 $59,619.

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Income Needed to Buy

βœ“ Affordable
$26k/year
Based on $84,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($59,619) exceeds requirement
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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 ($59,619) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Portage, WI

Portage is a charming city located in Columbia County, Wisconsin. With a rich history dating back to the early 1800s, it was initially established as a trading post and has evolved into a delightful community. Sitting at the confluence of the Wisconsin and Fox Rivers, Portage is known for its beautiful landscapes and outdoor recreational opportunities. The city is surrounded by natural beauty, with numerous parks, lakes, and hiking trails. The Portage Canal, a historic waterway, offers a unique glimpse into the area’s past and is popular for canoeing and kayaking. Portage is also near the scenic Ochsner Park, which features a zoo, picnic areas, and walking trails. The downtown area combines historic architecture with a vibrant atmosphere, hosting various shops, eateries, and cultural events. Portage is home to the annual Canal Days celebration, highlighting the city’s rich heritage and community spirit. With its small-town charm, rich history, and access to outdoor activities, Portage, WI, is a delightful destination for both residents and visitors alike.

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