Zip 53223 (Milwaukee, WI) Economy


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53223 Milwaukee, WI is an ideal place to live with plenty of entertainment opportunities, job opportunities, and affordable housing options. Rent for a two bedroom residence in this zip code is $1,180 which is significantly cheaper than the national average of $1,430. The area also offers abundant grocery shopping options with a Grocery Cost Index of 93 compared to the US average of 100.
The 53223 neighborhood features many local businesses such as Avion Bar & Grill, Andale Mexican Restaurant, and Sazama's Fine Catering. It is also home to some well-known attractions such as Harley-Davidson Museum and Milwaukee County Zoo. There are also great parks like Mitchell Park Conservatory and Boerner Botanical Gardens where you can enjoy activities outdoors.

Milwaukee (zip 53223) has an unemployment rate of 7.4%. The US average is 6.0%.

Milwaukee (zip 53223) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.

Tax Rates for Milwaukee (zip 53223)
- The Sales Tax Rate for Milwaukee (zip 53223) is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Milwaukee (zip 53223) 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 (zip 53223)
- The average income of a Milwaukee (zip 53223) resident is $23,668 a year. The US average is $28,555 a year.
- The Median household income of a Milwaukee (zip 53223) resident is $56,781 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMilwaukee, WisconsinUnited States
  7.46
  -4.5%-6.2%
  28.3%33.5%
  5.6%6.2%
  6.3%4.6%
  $28,887$37,638
  $56,781$69,021
  $72,829$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  2.1%6.8%
  15.2%10.0%
  2.2%2.5%
  10.2%11.0%
  9.9%4.8%
  0.2%0.8%
  2.7%1.9%
  4.5%4.7%
  1.0%1.9%
  3.4%7.6%
  0.1%0.1%
  4.8%4.2%
  9.2%9.3%
  18.4%14.0%
  1.6%2.1%
  4.3%7.0%
  5.6%4.8%
  4.1%4.7%
Health