Cost of Living in Milwaukee, WI
Milwaukee has a cost of living index of 90 (100 = national average), making it more affordable than the national average. The median household income is $43,125 and the median home price is $175,000.
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Milwaukee at a Glance
Population
577,222
Cost of Living Index
90
Median Income
$43,125
Median Home Price
$175,000
Property Tax Rate
2.18%
Sales Tax Rate
5.75%
Rent Index
78
State
Wisconsin
Living in Milwaukee
Milwaukee offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $175,000 is well within reach for many families.
The combined sales tax rate in Milwaukee is 5.75%, and the effective property tax rate is 2.18%. Property taxes are above the national average, which is an important consideration for homebuyers.