Interested in purchasing investment houses in the 54485 zip code in Summit Lake, WI?
The zip code 54485 is in Langlade county with a latitude of -89.221570000000 and longitude of 45.395040000000, is in the state of Wisconsin. The average asking price of houses and condos is $250,875.00 and the average sale price was $139,119.00. this regions is classified as the Wausau - Rhinelander metro area and consists of the following area codes: 534 and 715. The location in degrees is 45° 23' 42.144" N, 89° 13' 17.652" W. The county F.I.P.S. is 55067. The total land area is 20.5 square miles and the water area is 0.6 square miles. The elevation in this area is 1654 - 1683 feet. The zip code is on central standard time and observes daylight savings time.
The zip 54485 is in county number 067 and is L. Sector 00, L. Segment 61, H. Sector 55, and H. Segment 55. The population was 384 in 2019 and 322 in 2010. This further breaks down to 192 males (50.0%) and 192 females (50.0%). The median age of residents is 58.4 years. The population density (people per square mile) is 19. This zip code has a combined total of 320 houses and condos. There are 2 rented appartments. 1% of residents rent versus the 1% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $55,556 and the average salary is $31,257. The median household income of individuals is $40,000.00 and the average is $61,190.00. This zip code has a mean commute time to work of 28.1 minutes. The unemployment rate is 4.3%. Income earners by percent breakdown as 61.70% (Under $50,000), 30.90% ($50,000-$100,000), and 7.40% earn over $100,000. 8.0% of residents live below poverty line versus the 10.4% in the state that are below this line. The cost of living index is 87.7. The educational breakdown is 84.7% have a high school education or higher, 21.1% have a bachelor's degree or higher, and 8.1% have some kind of profesional degree.
This area has 146 households and the average size is 2.3 people. Individuals who are single and have never been married are 12.2%, 69.1% are now married, 1.4% are separated, 4.5% are widowed, and 12.7% are divorced. The average yearly contribution amount given by people to charity was $2,300 versus the state average of $3,370. The percent of residents who gave to charity was 22.2%.
The estimated median value of houses and condos is $171,280. The median monthly owner costs of mortgage holders was $1,237, where as the costs for those who don't have a mortgage are $300. The median number of rooms in houses and condos are 5.1.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,699. In comparision, the average real estate tax percent rate in the state is 1.7% which equated to an average real estate tax amount payment in the state of $3,320. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $2,173. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $1,547. Reported taxable interest for persons was $609, dividends $2,775, capital gains +$1,780, and itemized deductions $17,400. The average earned income tax credit is $1,400. The percent of individuals that use a tax preparer is 72.2%. The total average income taxes paid by individuals was $7,713. Businesses reported an average profit of $9,800.
Rubymays Cafe
W10990 County Road T, Summit Lake, WI 54485
Billy Timbers Pub & Eatery
N9543 US Highway 45, Summit Lake, WI 54485
Post Lake Inn
8750 County Road K, Elcho, WI 54428 (4.4 miles away)
Hil'ls Still
N10303 State Highway 55, Pearson, WI 54462 (6.9 miles away)
Roadside Pub
526 County G, Pelican Lake, WI 54463 (7.7 miles away)
Thirsty Bear Pub
10968 County Road J, Deerbrook, WI 54424 (11.1 miles away)
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