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Manitowoc County, WI

RANK #114 / 996  ·  POP 81,242  ·  WI

PROJECTED GROWTH: +2.7%

Manitowoc County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Manitowoc County?

Manitowoc County, Wisconsin, known for its maritime heritage and agricultural output, sits on the Lake Michigan shoreline, roughly halfway between Milwaukee and Green Bay. The city of Manitowoc, the county seat, is recognized as an American World War II Heritage City due to its significant submarine building contributions during the war. The county offers diverse outdoor recreation, from Lake Michigan beaches and access points to numerous parks, recreational trails like the Mariners Trail, and opportunities for kayaking and fishing on the Manitowoc River. Commuting within the county is facilitated by Maritime Metro Transit's fixed bus routes in Manitowoc and Two Rivers, with specialized transportation services also available.

Life in Manitowoc County is characterized by a strong sense of community and a lower cost of living compared to national averages, making it an option for families and retirees. The local economy, historically rooted in shipbuilding and agriculture, particularly dairy production, has diversified. While manufacturing remains a significant employer, the county has seen growth in healthcare, education, retail, and food industries. Educational institutions like Lakeshore Technical College and the University of Wisconsin Green Bay-Manitowoc contribute to workforce development. Recent economic efforts have focused on retaining and growing existing businesses, attracting new talent, and fostering innovation.

[02] Market Snapshot

Housing Ratio
3.2x

Undervalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+6.0%

Outpacing national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks undervalued at 3.2x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Manitowoc County U.S. National

The Numbers

DEMOGRAPHICS
Population
81,242
+0.17% YoY
Median Household Income
$66,412
Median Home Value
$160,400
+6.05% 12mo
Median Rent
$747
Average Annual Pay
$53,550
+2.7% YoY
Employment
33,444
+0.8% YoY
Income-to-Home-Value
0.414
More affordable than average
Migration Inflow
2.43%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$231,000
Days on Market
67
Slower market
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
25.9%
Listings w/ Price Drops
17.8%
Building Permits (2024)
112
Single-Family Permits
96

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$395M
TOTAL
PROJECT AMOUNT STATUS
Two Creeks Solar Park
Wisconsin Public Service Corporation (WPS) & Madison Gas and Electric (MG&E)
$195M Operating
FedEx Distribution Center
FedEx / Setzer Properties
$50M Completed
Manitowoc Tool & Manufacturing Vits Drive Facility
Manitowoc Tool & Manufacturing (MTM)
$50M Completed
River Point District Development
City of Manitowoc
$50M Planned
Bayshore Mixed Use Development
Various (BayCare Clinic, Community First Credit Union, Angelus Senior Living, Rivers Edge Apartments)
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 56 percentile
Population Growth +0.2% 37 percentile
Income Growth +8.1% 38 percentile
Vacancy Rate 0.7% 85 percentile
Home Price Change +6.0% 94 percentile
Price/Rent 18x 16 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Manitowoc County, WI a good place to move to?

Manitowoc County has a Boom Town Index score of 89/100, ranking #114 among 996 U.S. counties. With job growth at +0.8% and a median household income of $66,412, it's an above-average county on economic indicators.

Is Manitowoc County affordable?

The median home value in Manitowoc County is $160,400 with median rent at $747/month. The income-to-home-value ratio is 0.414, which is more affordable than the national average.

Is Manitowoc County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +0.8%. Home values changed +6.0% in the past 12 months.

Are people moving to Manitowoc County?

Yes — 2.43% of Manitowoc County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Newton County, MO 99 Dodge County, WI 99 Cole County, MO 99 Marathon County, WI 99 Mahoning County, OH 99 Isabella County, MI 99 Portage County, WI 99 Cabell County, WV 99