Milwaukee, Wisconsin (53224) is an ideal city for those looking to rent an affordable two bedroom apartment. The average two bedroom rent in Milwaukee is $1,170 whereas the US average two bedroom rent is $1,430. This makes Milwaukee 14% cheaper than the national average for a two-bedroom rental. In addition, the Grocery Cost Index in Milwaukee is 94 compared to 100 nationally, meaning groceries are 6% cheaper in Milwaukee than in the rest of the country. Many local companies call Milwaukee home and contribute to its thriving economy including ManpowerGroup, Northwestern Mutual Life Insurance Company and Johnson Controls Inc.
Milwaukee (zip 53224) has an unemployment rate of 7.4%. The US average is 6.0%.
Milwaukee (zip 53224) 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 53224)
- The Sales Tax Rate for Milwaukee (zip 53224) is 5.6%. The US average is 7.3%.
- The Income Tax Rate for Milwaukee (zip 53224) 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 53224)
- The average income of a Milwaukee (zip 53224) resident is $25,584 a year. The US average is $37,638 a year.
- The Median household income of a Milwaukee (zip 53224) resident is $59,724 a year. The US average is $69,021 a year.