The Milwaukee-Waukesha-West Allis, WI Metro Area is a great place to live for many reasons. This area offers an affordable cost of living with 2 bedroom rent being on average $1,090 compared to the US average of $1,430. In addition to this, there is also a lower grocery cost index at 98 versus 100 in the US. This makes it easier for residents to live day to day without breaking the bank.
This area is also home to a few renowned companies such as Johnson Controls International plc, Northwestern Mutual and Rockwell Automation Inc., which makes it an attractive location for those looking for employment opportunities. There are also a number of prestigious universities located in this area such as University of Wisconsin-Milwaukee, Marquette University and Milwaukee Institute of Art & Design which makes it appealing to those seeking higher education or training programs.
Milwaukee-Waukesha Metro Area has an unemployment rate of 5.2%. The US average is 6.0%.
Milwaukee-Waukesha Metro Area has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Milwaukee-Waukesha Metro Area
- The Sales Tax Rate for Milwaukee-Waukesha Metro Area is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Milwaukee-Waukesha Metro Area is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milwaukee-Waukesha Metro Area
- The average income of a Milwaukee-Waukesha Metro Area resident is $29,733 a year. The US average is $28,555 a year.
- The Median household income of a Milwaukee-Waukesha Metro Area resident is $67,448 a year. The US average is $69,021 a year.