Cost of Living in Milwaukee, WI
Housing
The housing market plays a significant role in determining the cost of living in Milwaukee, WI.
- Housing Index: 95.0 / 100
- Median Home Price is: $206,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Milwaukee, WI? The housing index of 95.0 suggests a competitive market, ideal for budget-conscious buyers. The median home price of 206000 is below the national average, making homeownership more accessible. In addition, renting a 2-bedroom apartment averages around 1200 and a 2-bedroom house at 1280, providing alternative options for residents. Remember, a balance between affordability and local amenities is crucial—research further into community aspects before deciding.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milwaukee, 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 Milwaukee, 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 Milwaukee is a financially viable option for your relocation.