Housing costs in Elm Grove?
A typical home costs
$541,800, which is 60.2% more expensive than the national average of
$338,100 and 122.0% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Elm Grove costs
$1,260 per month, which is 22.3% more than the national average of
$1,030 and 13.5% more than the state average of
$1,090.
Can I afford Elm Grove?
To live comfortably in Elm Grove (zip 53122), Wisconsin, a minimum annual income of
$103,680 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Elm Grove?
53122 Elm Grove, WI has a cost of living that is slightly higher than the national average. The overall cost of living index in this zip code is 104.5 which means it is 4.5 percent more expensive than the average US city. Groceries cost about 11% higher than the national average, health care costs about 6% more and utilities are about 3% more costly resulting in an overall increase in expenses for residents in this area. The median home value is also higher at $365,600 compared to the national median of $184,700. Finally, the median household income stands at $106,923 which is significantly higher than the national median of $61,937.