Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Health & Safety
Poor air quality and the inaccessibility of certain health related facilities like hospitals, clinics, doctors and pharmacies could have all contributed to the low score in this category.
Algoma, Wisconsin is a smaller city with a population of 3,148 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (94% White). Given that fact, Algoma could be considered less diverse than other cities. Not a fan of sitting in traffic during your commute to work? Algoma offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Living in Algoma can be a positive experience for anyone relocating to the area. Having said that, in the state of Wisconsin, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like amenities, health & safety, education, employment, you can easily compare the best places to live in Algoma and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Algoma to Wisconsin and the national average.
Algoma, WI receives 74/100 for its livability score; this results in a ranking of #157 in Wisconsin and #4,428 in the USA. There are nine total categories that create the livability score. Algoma ranks well for crime (A+), cost of living (A+), employment (B-) and housing (A+) Algoma does not fare well for the following: amenities (F). It might be a good idea to take a closer look at each category to find out why.
Low violent crime rates (murder, rape, robbery, assault) provide a safer environment for residents, reducing the risk of personal harm, property theft or violence. Low crime can also lead to increased property values and desirability. With 156 crimes per 100,000 residents, Algoma has a violent crime rate that is far below the national average.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In Algoma, the unemployment rate stands at 2.3%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
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 Algoma 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 Algoma 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 Algoma. Everything else becomes a lot less important if it turns out that home prices in Algoma are simply unattainable. The median home price for Algoma homes is $198,692, which is 34% lower than the Wisconsin average. If we take a closer look at the affordability of homes in Algoma, we’ll see that the home price to income ratio is 2.2, which is 40.5% lower than the Wisconsin average.
| Statistic | Algoma | Wisconsin | National |
| Average one way commute | 19min | 22min | 26min |
| Workers who drive to work | 82.5% | 80.7% | 76.4% |
| Workers who carpool | 9.6% | 8.3% | 9.3% |
| Workers who take public transit | 0.1% | 1.9% | 5.1% |
| Workers who bicycle | 1.0% | 0.8% | 0.6% |
| Workers who walk | 2.2% | 3.3% | 2.8% |
| Working from home | 3.9% | 4.2% | 4.6% |
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