Quick facts: Sun prairie, WI

Quick Facts

100.2
Cost of Living
above US average
36,653
Population
17.84
Crime Rate per 1000
below US average
$90,384
Median Income
above US average
$497,300
Median House Price
above US average
$1642.14
Average Rent
above US average
5%
Poverty Rate
below US average
2.6%
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 $90,384.

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Income Needed to Buy

βœ— Stretch
$156k/year
Based on $497,300 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $156k vs median $90,384
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Income Needed to Rent

βœ“ Affordable
$70k/year
Based on $1642.14/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,384) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sun prairie, WI

Sun Prairie, Wisconsin, is a vibrant city located in Dane County, just northeast of Madison. Known for its small-town charm and a growing community, Sun Prairie offers a blend of rich history and modern amenities. Founded in 1846, it has transformed from a quaint agricultural settlement to a bustling suburb with a diverse population. The city is marked by its picturesque parks, including the expansive Pheasant Branch Conservancy, which provides opportunities for hiking and nature exploration. Sun Prairie is also known for hosting a variety of community events, such as the annual Sweet Corn Festival, celebrating its agricultural roots. Education plays a key role in Sun Prairie, with a strong public school system and proximity to higher education institutions in Madison. The local economy boasts a mix of retail, dining, and professional services, making it an attractive place for families and young professionals. With a welcoming spirit and commitment to community development, Sun Prairie continues to thrive as a desirable place to live, work, and play in Southern Wisconsin.

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