Housing costs in Algoma?
A typical home costs
$197,900, which is 41.5% less expensive than the national average of
$338,100 and 18.9% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Algoma costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 17.0% cheaper than the state average of
$1,030.
Can I afford Algoma?
To live comfortably in Algoma, Wisconsin, a minimum annual income of
$37,800 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Algoma?
The cost of living in Algoma, WI is relatively low compared to other cities in the United States. The median household income is around $46,000 and the cost of a home is around $107,000. The unemployment rate is just over 3%, meaning there are plenty of jobs available for those looking to make a living in this quaint Wisconsin town located on the shores of Lake Michigan. Groceries are quite affordable, with the average cost for basic necessities being lower than most other cities across the country. In addition, utilities such as electricity and natural gas typically come at reasonable prices as well. All things considered, Algoma offers its residents an affordable lifestyle with plenty of community activities to boot!