Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Good air quality as well as nearby health facilities like hospitals, clinics, nursing homes, fire and police stations all contribute to a higher than average health and safety score.
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Paddock Lake, Wisconsin is a small city with a population of 3,055 residents. The majority of Paddock Lake residents report their race to be White; this is followed by Black and Asian. An important consideration when living in Paddock Lake is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 32 minutes, far surpassing the national average of 26 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Paddock Lake, Wisconsin could be a good experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like crime, cost of living, health & safety, education, employment, you can easily compare the best places to live in Paddock Lake and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Paddock Lake to Wisconsin and the national average.
With a livability score of 77/100, Paddock Lake is ranked #2,246 in the United States and #77 in Wisconsin. This is a fantastic score, as Paddock Lake ranks well in multiple categories! The cherry on top is that Paddock Lake also ranks in the top 10 percent of all cities. Based on the scores for each individual category, Paddock Lake has received high marks for crime (A+), cost of living (A), employment (B+) and housing (A+). Paddock Lake does not score well for the following: amenities (D-). It might be a smart idea to take a closer look at each category to find out why.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Paddock Lake apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Assuming that Paddock Lake meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Paddock Lake. Everything else becomes a lot less important if it turns out that home prices in Paddock Lake are simply unattainable. Median real estate prices in Paddock Lake come in at $167,900, which is 0.5% higher than the Wisconsin average. The home price to income ratio compares the median home prices to the median household income. In Paddock Lake, the home price to income ratio is 2.3, which is 25.8% lower than the Wisconsin average.
Statistic | Paddock Lake | Wisconsin | National |
Average one way commute | 32min | 22min | 26min |
Workers who drive to work | 90.4% | 80.7% | 76.4% |
Workers who carpool | 6.8% | 8.3% | 9.3% |
Workers who take public transit | 0.4% | 1.9% | 5.1% |
Workers who bicycle | 0.3% | 0.8% | 0.6% |
Workers who walk | 0.9% | 3.3% | 2.8% |
Working from home | 1.1% | 4.2% | 4.6% |