Housing costs in Milwaukee?
A typical home costs
$186,900, which is 44.7% less expensive than the national average of
$338,100 and 23.4% less expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Milwaukee costs
$1,060 per month, which is 2.9% more than the national average of
$1,030 and 2.8% cheaper than the state average of
$1,090.
Can I afford Milwaukee?
To live comfortably in Milwaukee (zip 53225), Wisconsin, a minimum annual income of
$35,640 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Milwaukee?
The cost of living in 53225 Milwaukee, WI is generally higher than the national average. According to BestPlaces, the cost of living index for 53225 is 86.67 which is 7.33% lower than the US average of 94.00. Rent prices in this area are 3% higher than the national average, with an average one-bedroom apartment costing around $930 per month and a three bedroom apartment costing approximately $1400 per month. Groceries and restaurant meals are also slightly above the national average, with a meal at an inexpensive restaurant costing around $15 and a loaf of bread costing about $2.50. Utility costs such as electricity and water can be somewhat expensive in Milwaukee, but overall it is still affordable to live in the area with a moderate budget.