Housing costs in Milwaukee?
A typical home costs
$185,800, which is 45.0% less expensive than the national average of
$338,100 and 23.9% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$1,180 per month, which is 14.6% more than the national average of
$1,030 and 7.6% more than the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53223), Wisconsin, a minimum annual income of
$35,640 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in 53223 Milwaukee, WI is relatively low compared to other cities in the region. The median household income is just over $40,000 and the average rent for a two-bedroom apartment is around $1,100 per month. Groceries are also generally affordable, with the average grocery bill for a family of four estimated at just over $500 per month. Utility bills are also relatively low in this area as electricity costs an average of only $0.10 per kWh and natural gas can be as low as $2.40 per therm. All these factors make 53223 Milwaukee, WI an attractive option for those looking to live affordably in the Midwest without sacrificing comfort or amenities.