Cost of Living,
Milwaukee's Real Estate Market
Milwaukee-Waukesha-West Allis Metro Area
Profile: Large-city / suburban complex Location: Extreme southeast Wisconsin along Lake Michigan, 40 miles north of Illinois border Elevation: 693 Time zone: Central Standard Time
|Downtown revitalization ||Some gritty areas |
|Arts and culture ||Economic cycles|
|Close to Chicago||Winter climate|
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Somewhat in the economic and cultural shadow of Chicago 90 miles south, Milwaukee is nevertheless a self-sufficient city, as well as a commercial and cultural center for Wisconsin and particularly its more populous southeastern portions. A melting pot for 19th-century immigrants from northern Europe, the city has kept up old-world traditions, most notably the brewing (and consumption) of beer. Following a period of industrial decline- including the brewing industry- the city has revitalized some areas, particularly downtown, and created an area of lakefront parks and museums. The business picture has changed to include more financial services and retailing companies along with the traditional base of metal products, electrical equipment, and machine tools. The area is headquarters to a surprising list of Mid-sized corporations, including Briggs & Stratton, Harley-Davidson, Allen-Bradley, Rockwell Automation and Johnson Controls, which operate plants in the vicinity, and service players like Manpower, Inc., Northwestern Mutual and retailer Kohl’s.
Milwaukee has a full complement of cultural, performing arts, and recreational amenities, including a world-class art museum. The city has good transportation services thanks to airlines choosing to avoid Chicago and good rail service arteries emanating from the Windy City. Suburbs have a true neighborhood feel, often with a strong ethnic character and substantial historic preservation.
Waukesha, a few miles to the west, is a large satellite with a small college presence and strong family-oriented residential areas. West Allis is a large and fairly non-descript older suburb west of Milwaukee between the downtown core and Waukesha. A bit surprising considering proximity to Chicago is the city’s full complement of major-league sports, including the NBA’s Milwaukee Bucks and the MLB’s Brewers. Cost of living and housing are a bit high on a Wisconsin scale but attractive nationally. The area has a strong community pride and residents have a reputation for having fun.
The city is located on a shore plain where the Menomonee River flows into Lake Michigan. Terrain is generally flat near the lake, giving way to rolling hills inland with mixed farmland and woodland. The climate is continental with a wide temperature range and frequent storm systems from the west. Occasional severe winter storms can drop an excess of 10 inches of snow and deliver frigid Canadian air. Lakes Superior and Michigan moderate these arctic blasts somewhat, although winds from Lake Michigan can generate significant wind chills. Summer temperatures reach into the 80’s and 90’s with occasional warmer and humid spells. Winter precipitation is usually of long duration and low intensity, while summer precipitation often comes as heavy showers and thunderstorms. First freeze is early October, last is early May.
Interesting Facts about Milwaukee, Wisconsin
As of 2014, Milwaukee's population is 594,328 people. Since 2000, it has had a population growth of -0.36 percent.--------------------
The median home cost in Milwaukee is $90,100. Home appreciation the last year has been 4.10 percent.--------------------
Compared to the rest of the country, Milwaukee's cost of living is 14.70% Lower than the U.S. average.--------------------
Milwaukee public schools spend $15,000 per student. The average school expenditure in the U.S. is $12,435. There are about 15.6 students per teacher in Milwaukee.--------------------
The unemployment rate in Milwaukee is 8.40 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Milwaukee jobs have Increased by 1.15 percent.
Ranked #4 Best Cities for Seniors 2005
Ranked #6 Second Annual “America’s Manliest Cities” Rankings
Ranked #6 Best US Cities for Seniors 2011
Ranked #7 America’s Manliest Sports Cities
Ranked #8 Americas Manliest Cites 2011
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Average Commute time is 22 minutes. The National Average is 25 minutes.--------------------
Milwaukee's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes