Housing costs in Lanark?
A typical home costs
$289,700, which is 14.3% less expensive than the national average of
$338,100 and 18.7% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Lanark costs
$880 per month, which is 38.5% more than the national average of
$1,430 and 17.0% more than the state average of
$1,030.
Can I afford Lanark?
To live comfortably in Lanark, Wisconsin, a minimum annual income of
$55,440 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lanark?
The cost of living in Lanark, WI is fairly low compared to the national average. The median home price in Lanark is around $154,000, which is significantly lower than the U.S. median home price of $219,700. Similarly, the cost of groceries and health care are 7% and 11% lower than the national averages respectively. This means that residents can enjoy living in a beautiful rural area without having to pay through the nose for basic necessities. Furthermore, there are plenty of recreational activities nearby such as hiking trails and fishing spots for families to enjoy at no additional cost. All these factors make Lanark an attractive place to settle down for people who want a peaceful life without breaking the bank.