Quick facts: Superior, WI

Quick Facts

100.2
Cost of Living
above US average
26,459
Population
18.41
Crime Rate per 1000
below US average
$54,935
Median Income
below US average
$150,000
Median House Price
above US average
$1530.72
Average Rent
above US average
11%
Poverty Rate
above US average
3.8%
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 $54,935.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $150,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($54,935) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1530.72/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $54,935
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Superior, WI

Superior is a vibrant city located in Douglas County, Wisconsin, situated on the shores of Lake Superior, the largest freshwater lake in the world by surface area. The city is distinct from its neighbor, Duluth, Minnesota, which lies just across the bridge over the St. Louis River. Known for its rich history in shipping and timber, Superior has a diverse economy that includes transportation, healthcare, and education. The city is home to several parks and recreational areas, ideal for outdoor enthusiasts. Pattison State Park, located nearby, features breathtaking waterfalls and hiking trails, while the waterfront offers opportunities for boating and fishing. Superior also boasts attractions like the Wisconsin Point Lighthouse and the historic Old Firehouse and Police Museum. Culturally, Superior hosts various annual events, including the Whaleback Classic Boat Show and the Superior Days celebration, showcasing local art and community spirit. With its blend of natural beauty, rich heritage, and neighborly charm, Superior offers a unique experience for residents and visitors alike.

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