Housing costs in Elmwood?
A typical home costs
$202,400, which is 40.1% less expensive than the national average of
$338,100 and 17.1% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Elmwood costs
$1,220 per month, which is 18.4% more than the national average of
$1,030 and 14.8% cheaper than the state average of
$1,400.
Can I afford Elmwood?
To live comfortably in Elmwood (zip 54740), Wisconsin, a minimum annual income of
$38,880 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Elmwood?
The cost of living in 54740 Elmwood, WI is quite reasonable. The median home value is approximately $196,000, and the median rent price is around $1,300 per month. The sales tax rate in Elmwood is 5.5%, which is slightly lower than the state average of 5.8%. Groceries and transportation costs are also close to the national averages. Additionally, utilities such as electricity and gas tend to be cheaper in this area than many other parts of Wisconsin. This makes 54740 Elmwood a great place for those looking for an affordable place to live without sacrificing quality or convenience.