Milwaukee, WI is a popular Midwest city known for its unique culture, attractions, and businesses. As one of the largest cities in Wisconsin, Milwaukee offers many opportunities for residents to explore and engage with the local community. Those looking to move to Milwaukee can expect a reasonable cost of living compared to other areas of the United States. The average rent for two-bedroom homes is $1,080 while the US average is $1,430. Additionally, the Grocery Cost Index in Milwaukee is 93 as opposed to 100 in the US.
The city is home to numerous well-known businesses such as Northwestern Mutual, ManpowerGroup, Rockwell Automation Inc., Kohl’s Department Stores Inc., Johnson Controls International Plc., and Harley-Davidson Motor Company. Many residents are employed at these companies or their subsidiaries making it easy to find a job within the area. With an affordable cost of living and many job opportunities available in Milwaukee, WI it's an ideal place to live for those wanting a midwestern experience.
Milwaukee has an unemployment rate of 7.4%. The US average is 6.0%.
Milwaukee has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Milwaukee
- The Sales Tax Rate for Milwaukee is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Milwaukee is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milwaukee
- The average income of a Milwaukee resident is $19,636 a year. The US average is $28,555 a year.
- The Median household income of a Milwaukee resident is $45,318 a year. The US average is $69,021 a year.