Cost of Living in Milwaukee

Wisconsin · Population: 566,973 · Updated 2026

Below Average
Cost Index
96.9
100 = US avg
Median Income
$54K
Annual household
Median Rent
$1,059/mo
2-bedroom unit
Rent Burden
23%
Income to rent ratio
Cost Category Breakdown

Indexed to national average (100)

Housing62.3
Groceries337.8
Utilities100.0
Transportation254.8
Healthcare100.0
Economic Details
Median Home Value$184K
State Income Tax7.65%
Unemployment Rate3.1%
Est. Net Income$50K/yr
Affordability Score
102
out of 100
Below national average cost
Salary Converter for Milwaukee

See what salary you'd need in another city to match your purchasing power in Milwaukee.

$75,000

About Milwaukee

Milwaukee is one of the most affordable major cities in the US with a rich industrial heritage. The city is revitalizing its waterfront and downtown, attracting new businesses and young professionals.

Compare Nearby Cities

Explore More

Frequently Asked Questions

Is Milwaukee expensive?

Milwaukee has a cost of living index of 96.9, where 100 represents the national average. This is close to the national average.

What salary do you need to live comfortably in Milwaukee?

Based on a rent-to-income ratio of 30%, you'd need at least $42,360 to afford the median 2-bedroom apartment in Milwaukee and maintain basic expenses.

What is the median rent in Milwaukee?

The median 2-bedroom rent in Milwaukee is $1,059 per month, according to HUD Fair Market Rent data.