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MarketsWisconsinWausauCost of Living & Affordability

Cost of Living & Affordability: Wausau, WI

Updated 2026 · Based on median market data for Wausau, WI

Cap Rate
1.77%
Median Price
$255K
Rent/Mo
$1,000
1% Rule
0.39%
Fails

Housing Affordability

Wausau's price-to-income ratio is 4.7x — homes cost 4.7 times the local median household income of $53,700. This is moderately affordable. A healthy portion of the workforce can still aspire to homeownership, but many find renting more practical — creating a solid tenant base of working professionals.

Rent vs Buy Analysis

A typical mortgage payment on a median-priced home in Wausau (20% down at 7%) is approximately $1,696/mo for principal and interest alone — add taxes and insurance and the all-in payment reaches roughly $2,181. The median rent of $1,000/mo is significantly less than buying — this rent-vs-buy gap is one of the strongest indicators of sustainable rental demand. When renting is cheaper than buying, the renter pool stays deep and vacancy stays low.

Income & Employment

The median household income in Wausau is $53,700, with a population of 50,000 growing at 0.5% per year. Wausau is a smaller market. Research the local employment base carefully — smaller cities can be significantly impacted by a single employer's decisions.

What This Means for Investors

Wausau is affordable with moderate returns. Focus on volume — the low entry point lets you scale to multiple properties faster than in more expensive markets.

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How Wausau Compares

Wausau vs Wisconsin state average and national average across key investment metrics. Wausau's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Wausau
Wisconsin Avg
National Avg
Cap Rate
1.77%
1.83%
3.81%
Median Price
$255K
$309K
$333K
Median Rent
$1,000
$1,223
$1,524
Property Tax
1.88%
1.88%
1.08%
Vacancy
5.5%
5.5%
5.6%
Pop. Growth
0.5%/yr
0.5%/yr
0.9%/yr

Nearby Midwest Markets

City
Cap Rate
Price
Rent
Tax
Wausau, WI
1.8%
$255K
$1,000
1.88%
Bemidji, MN
4.4%
$255K
$1,420
1.12%
Elkhart, IN
3.2%
$255K
$1,080
0.84%
Dayton, OH
1.9%
$250K
$960
1.6%
Fort Wayne, IN
3.5%
$250K
$1,150
0.85%

Frequently Asked Questions

Is Wausau affordable for renters?
Renters in Wausau spend approximately 22% of median household income on rent. This is within the standard 30% affordability threshold, suggesting renters have room in their budgets. The median household income is $53,700, below the level needed for comfortable renting.
What is the price-to-income ratio in Wausau?
Wausau's price-to-income ratio is 4.7x, meaning homes cost 4.7 times the local median income. This is moderate — some residents can buy, many choose to rent.
Is it cheaper to rent or buy in Wausau?
A mortgage payment (20% down, 7% rate) on the median $255K home is approximately $1,357/mo before taxes and insurance. Adding those costs brings it to roughly $1,841/mo. The median rent of $1,000/mo is less than the cost of buying — this gap supports continued rental demand.
How does Wausau's cost of living compare to the national average?
Home prices in Wausau ($255K) are 24% below the national average. Rents ($1,000/mo) are 34% below average. Property taxes (1.88%) are above the 1.08% national average.
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Explore Wausau & Related Markets

More Wausau Guides

Rental Property Investment GuideRent AnalysisProperty Tax GuideAppreciation & Growth ForecastNeighborhood Investment Guide

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