Quick facts: South milwaukee, WI

Quick Facts

100.2
Cost of Living
above US average
20,309
Population
12.95
Crime Rate per 1000
below US average
$68,801
Median Income
below US average
$269,900
Median House Price
above US average
$1325.71
Average Rent
below US average
6%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $68,801.

🏠

Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $68,801
🏒

Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1325.71/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($68,801) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South milwaukee, WI

South Milwaukee is a charming city located in Milwaukee County, Wisconsin, just south of the city of Milwaukee. Known for its strong sense of community and rich history, South Milwaukee has a population of approximately 20,000 residents. The city offers a suburban feel with a variety of parks and recreational opportunities, making it a great place for families and outdoor enthusiasts. One of South Milwaukee's key attractions is its proximity to Lake Michigan, which provides scenic views and access to waterfront activities. The city also hosts numerous events throughout the year, including summer festivals, farmers' markets, and community celebrations. The downtown area features a mix of local shops, restaurants, and cultural institutions, contributing to the city's lively atmosphere. South Milwaukee is well-connected through public transport and major roadways, making it easy for residents to commute to nearby Milwaukee. Overall, South Milwaukee combines small-town charm with access to big city amenities, offering a welcoming environment for all who reside or visit here.

πŸ” Search & Compare Places

First Location πŸ“