Housing costs in Milwaukee?
A typical home costs
$55,600, which is 83.6% less expensive than the national average of
$338,100 and 77.2% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$990 per month, which is 3.9% cheaper than the national average of
$1,030 and 10.1% cheaper than the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53206), Wisconsin, a minimum annual income of
$10,800 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in 53206 Milwaukee, WI is slightly above the national average. According to Best Places, the median home value in this zip code is $122,362 which is 9.5% higher than the state average of Wisconsin. The overall cost of living index for 53206 is 99.7, which is 0.7% higher than the national average. Additionally, the median household income for this zip code is $48,639, which is 13% lower than the state average. Although the cost of living may be slightly above average there are still opportunities to find affordable housing options and other amenities desirable to those who live here.