Cost of Living in Milwaukee County, Wisconsin

$1,069/mo
Median Monthly Rent
$216,500
Median Home Value

At a Glance

Median Monthly Rent
$1,069/mo
20% above state average
Median Home Value
$216,500
23% below national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Milwaukee County Compares

Median monthly rent comparison

Milwaukee County$1,069/mo
Wisconsin Average$891/mo
National Median$1,163/mo

Detailed Housing Stats

$1,069/mo
Median Gross Rent
$216,500
Median Home Value
$1,332/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Milwaukee County ranks #3,127 of 3,144 counties for affordability (bottom 1%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Milwaukee County, Wisconsin

Milwaukee's rent burden exceeds national norms

Milwaukee County residents spend 20.6% of their income on rent, well above the national benchmark where housing should consume no more than 30% of income. However, Milwaukee's median household income of $62,118 trails the national median of $74,755 by nearly $13,000, making every housing dollar feel heavier.

Least affordable rentals in Wisconsin

Milwaukee County ranks among the least affordable counties in Wisconsin for renters, with a 20.6% rent-to-income ratio that significantly exceeds the state average of 14.9%. At $1,069 per month, median rent is $178 higher than Wisconsin's typical rent of $891.

Pricier than surrounding counties

Milwaukee County's $1,069 median rent substantially outpaces nearby Monroe County ($920) and Ozaukee County to the north ($1,112). Renters in Milwaukee pay roughly $150 more monthly than those in comparable Outagamie County ($998), adding up to nearly $1,800 annually.

Rent and ownership costs squeeze budgets

With median gross rent at $1,069 and median owner costs at $1,332 monthly, Milwaukee County households dedicate a substantial share to housing. The typical renter spends over $12,800 annually on housing alone, leaving less for savings, childcare, and other essentials.

Considering a move? Compare your options

If housing costs are straining your Milwaukee County budget, neighboring Oconto or Pepin counties offer significantly lower rents ($796 and $860 respectively) while maintaining similar median home values. Running the numbers before relocating could free up hundreds of dollars monthly for your family's priorities.

Cost of Living Advisory: Milwaukee County

Affordability Verdict

For renters in Milwaukee County, the market is affordable. Expect to pay around $1,069/month in gross rent, with 29.0% of renter households considered cost-burdened.

Rent vs. Own

Renters in Milwaukee County pay $1,069/month on average, compared to $1,332/month for homeowners. This market favors renters by about 20%.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $42,760/year. For owner costs at the 28% rule, the required income is roughly $57,086/year. With a median household income of $62,118, most households can comfortably afford rent here. Notably, 29.0% of renter households in Milwaukee County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Milwaukee County sits 5% more expensive than Racine County ($1,017/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Milwaukee County

$

Rent Burden

20.7%

of gross income

Max Housing (28% Rule)

$1,449

per month

Owner Cost Burden

25.7%

of gross income

The median home in Milwaukee County may be a stretch

Median home value is $216,500. Estimated monthly cost: $1,728 vs. your max of $1,449.

Rent Affordability Guide

Your rent-to-income ratio20.7%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,118Needed: $42,760
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,118Needed: $57,086
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $62,118Needed: $50,385

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Milwaukee County, Wisconsin?
Milwaukee County, Wisconsin has a median monthly rent of $1,069/mo and a median home value of $216,500. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Milwaukee County?
The median gross rent in Milwaukee County is $1,069/mo. This is 20% above state average for Wisconsin.
Is Milwaukee County affordable?
Milwaukee County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Milwaukee County's rent compare to the state average?
Milwaukee County's median rent of $1,069/mo is 20% above state average of $891/mo for Wisconsin.
What is the median home value in Milwaukee County?
The median home value in Milwaukee County, Wisconsin is $216,500. This is 23% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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