Income needed to buy a home
Bayfield County, WI
$100,607
a year in household income to buy the typical Bayfield County home with 10% down.
The monthly math
Typical home value$298,198
Down payment (10%)$29,820
Loan$268,378
Principal and interest (7.40%)$1,858/mo
Property tax (0.92% a year)$228/mo
Homeowners insurance (estimate)$149/mo
Mortgage insurance$112/mo
Total monthly cost$2,347/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $71,151 a year, 71% of what it takes.
In Wisconsin
Bayfield County ranks #32 of 72 for the income a home takes, from least to most.
Easiest to afford in Wisconsin
| County | Typical home | Income needed |
|---|---|---|
| Ashland County | $187,072 | $65,647 |
| Florence County | $199,811 | $69,775 |
| Iron County | $216,800 | $73,617 |
| Marinette County | $218,557 | $75,213 |
| Rusk County | $220,846 | $75,369 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.