Housing costs in Milwaukee?
A typical home costs
$227,100, which is 32.8% less expensive than the national average of
$338,100 and 7.0% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$1,120 per month, which is 8.7% more than the national average of
$1,030 and 2.7% more than the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53221), Wisconsin, a minimum annual income of
$43,560 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in 53221 Milwaukee, WI is quite reasonable compared to other cities. Groceries and health care are both below the national average, and housing prices are also relatively low compared to other cities. Renters can expect to pay around $900 for a one-bedroom apartment, and homeowners typically pay between $160,000 and $200,000 for a three-bedroom home. The sales tax rate in Wisconsin is 5.5%, which is relatively low compared to other states. Overall, 53221 Milwaukee offers an affordable cost of living for those looking to live near downtown Milwaukee without breaking the bank.