Florence County Real Estate and Livability Trends
Florence County, Wisconsin has seen its average taxable income per tax return rise from $46,168.18 in 2013 to $65,801.32 in 2021, suggesting strengthening local income levels. The housing market has been particularly dynamic, with median values dropping from $140,700 in 2015 to $129,600 in 2019, before climbing back to $158,400 by 2022. Real estate taxes have nearly doubled from $3,735.19 in 2012... Read more
Florence County Market Trends
Florence County, Wisconsin’s housing market has seen significant price fluctuations, with median values falling from $140,700 in 2015 to $129,600 in 2019, before rising sharply to $158,400 by 2022. This uptick might point to growing appeal or investor interest, even though the median value remains lower than Wisconsin’s statewide average of $231,400 in 2022. Energy tax credit trends also show... Read more
Median Value of Occupied Housing Units in Florence County, Wisconsin Over the Last 8 Years
Florence County, Wisconsin's housing market has shown a somewhat erratic trajectory compared to state and national trends. Dropping from $140,700 in 2015 to $129,600 in 2019, the county then surged to $158,400 by 2022. This sharp increase might signal a favorable investment climate or rising demand, despite median home values here trailing behind Wisconsin's state average, which climbed steadily from $165,800 in 2015 to $231,400 in 2022. Nationally, there has also been consistent growth from $125,500 in 2015 to $179,400 in 2022. Florence County's recent uptick could make it a compelling choice for those looking to invest in a less competitive market.
Residential Energy Tax Credit Per Tax Return in Florence County, WI Over the Last 7 Years
Florence County, Wisconsin has shown inconsistent yet noteworthy fluctuations in residential energy tax credits over the past seven years. Observing peaks in 2015 and 2020 with averages of $260.00 and $300.00 respectively, alongside notable dips in 2014 and 2021 both at $175.00, it’s clear that homeowners' investments in energy efficiency measures have varied significantly. Such trends could be especially relevant for real estate agents and investors focusing on greener properties, as well as insurance agents and appraisers evaluating property upgrades.
Average Real Estate Taxes Per Tax Return in Florence County, WI Over the Last 10 Years
Florence County, Wisconsin has seen a significant upward trend in average real estate taxes per tax return over the past decade. Starting at $3,735.19 in 2012, the figure has risen consistently to $6,257.14 by 2021. Notable jumps occurred in 2018 and 2021, suggesting increasing fiscal pressures or enhanced property valuations in the area. This is particularly relevant for investors, appraisers, and real estate agents, as these tax trends can impact property costs and investment returns. Additionally, potential homeowners and insurance agents might find this data crucial for assessing long-term affordability and financial planning.
Percentage of Farm Returns in Florence County, WI Over the Last 10 Years
Florence County, Wisconsin has seen a slight but noticeable decline in the percentage of farm tax returns over the last decade, with figures dropping from roughly 2.71% in 2012 to about 2.25% in 2021. Farm tax returns are a way to gauge the economic activity generated by agricultural operations within an area. This trend could suggest a marginal decrease in farming activity or profitability, potentially influencing decisions for new investors, developers, or property buyers interested in the agricultural sector in the region. Understanding these shifts could be crucial for making informed decisions about financial and developmental opportunities in Florence County.
Number of Mortgages by Occupancy Type in Florence County, WI Over the Last 5 Years in Florence County
Florence County, Wisconsin has seen notable trends in mortgage counts over the past five years, with the number of mortgages for principal residences generally staying high but fluctuating, peaking at 166 in 2020 before dropping to 109 in 2022. Second residences have also experienced some variation, with a notable peak of 88 in 2020. Investment properties remained relatively stable but low, never exceeding single digits. These shifts in occupancy types could impact various stakeholders; for instance, investors might find the stable yet low demand for investment properties either a risk or an opportunity. Real estate agents and appraisers need to consider these trends, as they could point to evolving market dynamics in demand for different types of housing. Furthermore, insurance agents and builders could leverage this data to tailor their services and products according to the changing needs of those moving into or investing in the area.
Economic Outlook
Florence County, Wisconsin, has seen its average taxable income per tax return climb from $46,168.18 in 2013 to $65,801.32 in 2021. With state and local income taxes almost doubling from $5,459.62 in 2012 to $11,557.14 by 2021, the data suggests rising income levels or tax law changes. This steady increase in both income and tax liability, culminating at $9,029.67 in 2021, likely points to a strengthening local economy. For investors, real estate agents, and developers, these trends offer... Read more
Average Taxable Income per Tax Return in Florence County, WI over the last 9 years
Florence County, Wisconsin has experienced a noteworthy increase in the average taxable income per tax return over the past nine years. Starting at $46,168.18 in 2013, this figure has seen a steady climb, peaking at $65,801.32 in 2021. The significant jump from $53,377.03 in 2018 to $58,475.57 in 2019, and then to $65,801.32 in 2021, suggests potentially favorable economic conditions or shifts that could be appealing to investors, real estate agents, and prospective residents. This trend may indicate a strengthening local economy, making the area attractive for property development and investments.
Average State and Local Income Taxes Per Tax Return in Florence County, WI Over the Last 10 Years
In Florence County, Wisconsin, the average state and local income taxes per tax return have shown a notable upward trend over the past decade. From 2012's $5,459.62 to 2021's $11,557.14, taxes have steadily increased, particularly spiking since 2018. This trend could be indicative of rising income levels or changes in tax laws, both of which are crucial considerations for potential investors and property developers. Real estate agents and appraisers might find this data especially relevant for advising clients on cost-of-living implications. For those already living in Florence County, understanding these tax increases is essential for financial planning and evaluating long-term stay in the county.
Average Total Tax Liability Per Tax Return in Florence County, WI Over the Last 10 Years
Florence County, Wisconsin has seen a notable increase in average total tax liability per tax return over the past decade, rising from around $6,098.74 in 2012 to approximately $9,029.67 in 2021. This upward trend may suggest an overall growth in income or property values within the county, potentially making it a more appealing destination for investors and real estate developers. However, this increase could also indicate higher living costs and tax burdens, which might be an important consideration for potential movers or insurance agents assessing risk profiles.
Cost of Living in Florence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,428 | $1,931 | $1,597 | $1,467 |
| 1 adult 4 children | $1,105 | $1,166 | $1,477 | $1,597 | $1,631 |
| 2 adults 3 children | $1,105 | $1,166 | $1,676 | $1,597 | $1,209 |
| 1 adult 3 children | $1,105 | $952 | $1,221 | $1,597 | $1,368 |
| 2 adults 2 children | $908 | $955 | $1,420 | $1,384 | $1,001 |
| 1 adult 2 children | $908 | $713 | $966 | $1,384 | $1,060 |
| 2 adults 1 child | $908 | $755 | $1,164 | $692 | $868 |
| 1 adult 1 child | $908 | $487 | $710 | $692 | $767 |
| 2 adults | $690 | $606 | $908 | $0 | $639 |
| 1 adult | $637 | $331 | $454 | $0 | $572 |
Safety trends & Data
Florence County, Wisconsin has experienced low and stable property crime trends over the past five years, with peaks including three burglaries and three larceny-theft incidents in 2018. A noticeable increase in vandalism in 2019 may be relevant for those concerned with insurance premiums or property investments. The overall consistency of low incident rates might appeal to new residents or investors seeking a safer... Read more
Property Crime Trends in Florence County, WI Over the Last 5 Years
Florence County, Wisconsin has experienced relatively low and stable trends in property crimes over the past five years. The highest recorded number of incidents includes three burglaries in 2018 and persistent larceny-theft incidents, with a peak of three in 2018 followed by a noticeable decline. Higher occurrences of vandalism in 2019 may interest those looking into insurance premiums or property investments, where such trends can be indicative of localized issues. Overall, the consistency of low incident rates could be appealing for new residents or investors seeking a safer environment.
Demographics
Florence County, Wisconsin, seems to have a balanced gender population with slightly more males than females. In terms of educational attainment, the majority of residents have completed high school, and about one-third have attended some college or earned an associate's degree. The age distribution is skewed towards an older population, with a significant portion aged 55 or older. The county's racial makeup is predominantly White, with very small representations from other racial groups. Such... Read more
Race Distribution in Florence County, Wisconsin (2022)
Educational Attainment in Florence County, Wisconsin (2022)
Age Distribution in Florence County, Wisconsin
Citizen Population in Florence County, Wisconsin (2022)
Political Trends & Data
Florence County, Wisconsin, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 72.5% of the vote favoring the Republican candidate. Democrats received about 26.6%, and other parties captured less than 1%. This strong Republican preference might hint at localized priorities or demographic factors shaping voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Florence County, Wisconsin, saw a significant lean towards Republican voting in the 2020 U.S. Presidential Election, with roughly 72.5% of votes cast in favor of the Republican candidate. Democratic support was considerably lower, sitting at approximately 26.6%, and both Libertarian and other minor parties garnered less than 1% of the total vote. This substantial preference for Republican representation possibly reflects localized priorities or demographic trends.
72.55% of voters voted for the Republican party in the 2020 Presidential Election
26.56% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Florence County, Wisconsin has seen its student-to-teacher ratio vary between approximately ten to thirteen students per teacher over the last nine years, typically staying below or near the national average of fourteen. This fluctuation suggests potential variability in classroom sizes and teaching staff, indicating a focus on personalized education. For real estate investors and agents, a smaller student-to-teacher ratio may make the area more attractive, impacting home values and community... Read more
Student-to-teacher ratio in Florence County, Wisconsin over the last 9 years
Florence County, Wisconsin has seen its student-to-teacher ratio fluctuate over the last nine years, reaching a low of approximately ten students per teacher in several years and peaking at thirteen in 2020. While this ratio consistently stays below or near the national average of fourteen students per teacher, fluctuations suggest variability in classroom sizes and possibly the number of teaching staff. For investors, real estate agents, and those moving to the area, a smaller student-to-teacher ratio may indicate more personalized education, potentially making the area more attractive. Lower ratios are also critical for appraisers and insurance agents as indicators of community investment in education, which can influence home values and insurance considerations. For builders, these trends might inform the projected need for educational infrastructure.
