Pros:
1. Lower Cost of Living: Property in rural areas is generally cheaper than properties in urban areas. You may be able to get more space and amenities for your money.

2. Peaceful and Tranquil Lifestyle: Living in a rural area grants access to nature and a calm pace of life, which could be beneficial for those who want to escape the hustle and bustle of urban areas.

3. Community Cohesion: Small town and rural communities often bond close knit relationships with each other.

4. Lower Crime Rates: Rural areas generally have lower crime rates than urban areas.

Cons:

1. Limited Employment Opportunities: Rural living may also mean limited job opportunities, or a long daily commute to work, which can be costly and time-consuming.

2. Limited Amenities: Fewer choices for dining, recreation and entertainment, healthcare and other amenities can be expected in rural areas.

3. Lack of Public Transportation: Rural areas may also have limited public transportation options, which may make it challenging for those without a car.

4. Potential Financial Risk: The value of property in rural areas may not rise as quickly as those in urban areas, and there may be a lack of demand for resale.

It is important to thoroughly research and consider these factors before making a decision to purchase property in the village of Wales, Wisconsin or any rural area.