Cost of living in Milwaukee 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 Milwaukee 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 Milwaukee is 89, with 100 being the average.
The cost of living index in Milwaukee is 0.9x lower than the national average.
Milwaukee ranks as the #26 cheapest in Wisconsin out of 143.
Milwaukee ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Milwaukee is $135,600.
The median income in Milwaukee is $45,318.
According to the most recent data on the cost of living, Milwaukee has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Wisconsin, Milwaukee has a cost of living index that's 0.9x lower than Wisconsin's index of 95.
The standard of living in Milwaukee ranks as #26 most affordable out of the 143 places we measured in Wisconsin. By definition, that implies Milwaukee ranks as the #117 most expensive place in the Badger State.
For more reading on life in Milwaukee, check out:
Six factors go into calculating the cost of living index in Milwaukee. Here is how it fairs on each of the criteria:
The Services index in Milwaukee is 96.
The Groceries index in Milwaukee is 95.
The Health index in Milwaukee is 111.
The Housing index in Milwaukee is 68.
The Transportation index in Milwaukee is 91.
The Utilities index in Milwaukee is 98.
|Living Expense||Milwaukee||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 Milwaukee is $135,600.
The Median Rent in Milwaukee is $910.
The Median Income in Milwaukee is $45,318.
The Home Value To Income in Milwaukee is 3.0x.
The Rent To Monthly Income in Milwaukee is 0.24x.
|Median Home Value||$135,600||$200,400||$244,900|
|Home Value To Income||3.0x||3.0x||3.5x|
|Rent To Monthly Income||0.24x||0.16x||0.2x|
The cost of living varies in the cities and towns around Milwaukee. Here's a quick look at the cost of living in the most populous nearby places:
West Allis, WI has a cost of living index of 92, 1.0x Milwaukee.
Wauwatosa, WI has a cost of living index of 102, 1.1x Milwaukee.
Brookfield, WI has a cost of living index of 112, 1.3x Milwaukee.
|City||Population||Cost Of Living||Vs. Milwaukee|
|West Allis, WI||60,220||92||1.0x|
|Menomonee Falls, WI||38,219||103||1.2x|
|Whitefish Bay, WI||14,818||120||1.3x|