Quick facts: Stoughton, WI

Quick Facts

100.2
Cost of Living
above US average
12,846
Population
14.87
Crime Rate per 1000
below US average
$73,014
Median Income
below US average
$410,990
Median House Price
above US average
$1247.5
Average Rent
below US average
9%
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 $73,014.

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Income Needed to Buy

βœ— Stretch
$129k/year
Based on $410,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $129k vs median $73,014
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1247.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($73,014) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stoughton, WI

Stoughton, Wisconsin, is a picturesque city located in Dane County, just south of Madison. Known for its rich Norwegian heritage, Stoughton hosts various cultural events, including the annual Syttende Mai Festival, which celebrates Norwegian Constitution Day with parades, traditional food, and music. The city features charming downtown shops and local eateries, contributing to a friendly, small-town atmosphere. Outdoor enthusiasts will appreciate Stoughton’s proximity to scenic parks and lakes, including Lake Kegonsa State Park, which offers opportunities for fishing, hiking, and picnicking. The city's historical sites, such as the Stoughton Historical Museum, provide a glimpse into its past. Stoughton is also known for its vibrant community spirit, supported by numerous organizations and seasonal events. With its strategic location near Madison, residents enjoy the tranquility of small-town living while having easy access to city amenities. Overall, Stoughton blends historical charm with a welcoming community, making it an appealing place to visit or call home.

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