Cost of Living in Brookfield, WI

Housing

The housing market plays a significant role in determining the cost of living in Brookfield, WI.

• Housing Index: 125.0 / 100
• Median Home Price is: $339000
• Average Rent (2 BR Apartment): $1600 per month
• Average Rent (2 BR House): $1650 per month

When considering a move to Brookfield, WI, the housing index of 125.0 indicates a relatively high cost of living. The median home price stands at 339000, which aligns with market trends seen in economically thriving urban areas. Renting options present an average of 1600 for a 2-bedroom apartment and 1650 for a house, reflecting a tight rental market. Keep in mind that growing amenities and employment opportunities in the area may justify these costs, but it's crucial to evaluate your financial capability against these figures before making a decision.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Brookfield, WI.

• Electricity Price: 17.6 USD (median by state)
• Natural Gas Price: $11.5 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Brookfield, WI could entail higher utility costs. Electricity costs sit at 17.6, while natural gas is priced at 11.5 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 115.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $121837

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Brookfield, WI, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.