The city of Milwaukee, WI is an affordable place to live with a two bedroom rent of only $920. This is almost $500 cheaper than the US average, which comes in at around $1,430. When it comes to groceries, things are even more affordable as the Grocery Cost Index for Milwaukee is 91 versus 100 in the US. Some local companies in Milwaukee include Sendik's Food Market which sells groceries at competitive prices and Walmart which offers a variety of products from food to electronics at an affordable cost. Additionally, there are many other local stores in Milwaukee that offer goods and services for low prices such as Target and Woodman's Markets.
Milwaukee (zip 53205) has an unemployment rate of 7.4%. The US average is 6.0%.
Milwaukee (zip 53205) has seen the job market decrease by -4.5% 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 53205)
- The Sales Tax Rate for Milwaukee (zip 53205) is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Milwaukee (zip 53205) 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 53205)
- The average income of a Milwaukee (zip 53205) resident is $18,858 a year. The US average is $37,638 a year.
- The Median household income of a Milwaukee (zip 53205) resident is $22,526 a year. The US average is $69,021 a year.