Housing costs in Milwaukee?
A typical home costs
$201,500, which is 40.4% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$1,090 per month, which is 5.8% more than the national average of
$1,030 and close to the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53222), Wisconsin, a minimum annual income of
$38,520 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in 53222 Milwaukee, WI is relatively low compared to other parts of the country. The median home price is around $159,000 and the median household income is approximately $46,000 per year. Renters will find the cost of a one-bedroom apartment to be around $872 per month, while a two-bedroom will be around $1,086. Groceries and utilities tend to be on the lower side at 9% less than the national average. Transportation costs are reasonably priced with gas prices averaging about $2.37 per gallon. In general, Milwaukee's cost of living makes it an attractive place to live for families or individuals looking for affordability without sacrificing quality of life.