Cost of living in Menomonee Falls research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Menomonee Falls is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Wisconsin, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Menomonee Falls is 103, with 100 being the average.
The cost of living index in Menomonee Falls is 1.0x higher than the national average.
Menomonee Falls ranks as the #113 cheapest in Wisconsin out of 143.
Menomonee Falls ranks as the #3,487 cheapest out of 6,412 in the US.
The median home value in Menomonee Falls is $275,300.
The median income in Menomonee Falls is $90,636.
According to the most recent data on the cost of living, Menomonee Falls has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to Wisconsin, Menomonee Falls has a cost of living index that's 1.1x higher than Wisconsin's index of 95.
The standard of living in Menomonee Falls ranks as #113 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Menomonee Falls ranks as the #30 most expensive place in the Badger State.
For more reading on life in Menomonee Falls, check out:
Six factors go into calculating the cost of living index in Menomonee Falls. Here is how it fairs on each of the criteria:
The Services index in Menomonee Falls is 96.
The Groceries index in Menomonee Falls is 94.
The Health index in Menomonee Falls is 110.
The Housing index in Menomonee Falls is 117.
The Transportation index in Menomonee Falls is 94.
The Utilities index in Menomonee Falls is 95.
|Living Expense||Menomonee Falls||Wisconsin||National Average|
Housing swings affordability the most between places in Wisconsin, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Menomonee Falls is $275,300.
The Median Rent in Menomonee Falls is $1,191.
The Median Income in Menomonee Falls is $90,636.
The Home Value To Income in Menomonee Falls is 3.0x.
The Rent To Monthly Income in Menomonee Falls is 0.16x.
|Statistic||Menomonee Falls||Wisconsin||United States|
|Median Home Value||$275,300||$200,400||$244,900|
|Home Value To Income||3.0x||3.0x||3.5x|
|Rent To Monthly Income||0.16x||0.16x||0.2x|
The cost of living varies in the cities and towns around Menomonee Falls. Here's a quick look at the cost of living in the most populous nearby places:
Wauwatosa, WI has a cost of living index of 102, 1.0x Menomonee Falls.
Brookfield, WI has a cost of living index of 112, 1.1x Menomonee Falls.
Mequon, WI has a cost of living index of 119, 1.2x Menomonee Falls.
|City||Population||Cost Of Living||Vs. Menomonee Falls|
|Whitefish Bay, WI||14,818||120||1.2x|
|Brown Deer, WI||12,562||93||0.9x|