Cost of Living,
Beloit's Real Estate Market
Janesville Metro Area
Profile: Small-town complex Location: Extreme south-central Wisconsin at the Illinois border Elevation: 803 Time zone: Central Standard Time
|Small-town atmosphere||Cold winters|
|Attractive setting||Economic cycles|
|Close to Chicago||Arts and culture|
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Janesville and its smaller satellite city of Beloit are located about 15 miles apart in extreme south-central Wisconsin, with Beloit abutting the Illinois border. Both are small industrial towns with a large General Motors plant in Janesville and a variety of businesses, notably food processing and distribution, in Beloit. The GM plant is tied to pickup truck and SUV products. Predictably, the strong auto industry ties give the area a cyclical economy overall.
The area was once home to Parker Pen but that business was absorbed by Gillette and the plant was closed. The downtown areas are pretty much the clean small townscapes we’re used to seeing in Wisconsin. The somewhat more “hip” Beloit is home to Beloit College, a well-acclaimed small college, as well as historic districts and a few minor cultural assets. The area is about 100 miles north of Chicago giving access to that city’s vast resources. Cost of living is reasonable for the region.
Both towns are located in the broad, fertile agricultural valley of the Rock River. The continental climate is characterized by hot summers and cold winters. Depending on the wind, Lake Michigan may influence the climate. Summers are warm and humid with occasional hot, muggy spells and frequent afternoon thunderstorms. Winters are generally cold with most precipitation falling as snow and remaining as snow cover. First freeze is mid-October, last is late April.
Interesting Facts about Beloit, Wisconsin
As of 2014, Beloit's population is 36,943 people. Since 2000, it has had a population growth of 2.76 percent.--------------------
The median home cost in Beloit is $86,000. Home appreciation the last year has been 2.00 percent.--------------------
Compared to the rest of the country, Beloit's cost of living is 14.90% Lower than the U.S. average.--------------------
Beloit public schools spend $12,811 per student. The average school expenditure in the U.S. is $12,435. There are about 15.9 students per teacher in Beloit.--------------------
The unemployment rate in Beloit is 9.20 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Beloit jobs have Increased by 2.28 percent.
Ranked #27 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #67 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #131 2005 Best Places to Live
Ranked #205 Best Green Cities
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Average Commute time is 22 minutes. The National Average is 25 minutes.--------------------
Beloit's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes