Housing costs in Somerset?
A typical home costs
$231,300, which is 31.6% less expensive than the national average of
$338,100 and 5.2% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Somerset costs
$1,400 per month, which is 2.1% cheaper than the national average of
$1,430 and 26.4% more than the state average of
$1,030.
Can I afford Somerset?
To live comfortably in Somerset, Wisconsin, a minimum annual income of
$44,280 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Somerset?
Living in Somerset village, WI can be quite affordable. The median home price in the area is around $215,000, which is significantly lower than the national average of over $300,000. In addition to housing costs being relatively low, groceries and local goods tend to be inexpensive as well. With a convenient location close to Duluth and Minneapolis, it’s easy to find quality products for lower prices from bigger cities. Furthermore, transportation costs are also low due to the availability of public transit options nearby. All in all, living in Somerset village is an affordable option for those who are looking to move into an area with plenty of local amenities and a small-town feel.