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Cost of Living in South Milwaukee, WI

Population 20,442 · Census ACS 2020–2024 5-year estimates

Median rent$1,014
Median home value$235,700
Median household income$73,427

The median rent in South Milwaukee, WI is $1,014/month, 7% lower than the Wisconsin median and 28% lower than the U.S. median. The median home value is $235,700, 29% lower than the national median. Households earn a median of $73,427 a year, 5% lower than the state median.

Affordability

Rent as a share of median income: 16.6%
Income needed for median rent (30% rule): $40,560/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,192/mo

Run your own numbers: mortgage calculator · hourly to salary

South Milwaukee vs. Wisconsin vs. U.S.

South MilwaukeeWisconsinU.S.
Median rent$1,014$1,087$1,413
Median home value$235,700$266,500$332,700
Median household income$73,427$77,485$80,734
Homeownership rate66.8%67.8%65.2%
Bachelor's degree or higher29.9%33.4%35.7%
Poverty rate13.1%10.6%12.5%
Unemployment rate3.6%3.2%5.2%
Work from home12.4%13.1%15.1%
Median age40.240.238.9

FAQ

What is the average rent in South Milwaukee, WI?

The median gross rent in South Milwaukee, WI is $1,014 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in South Milwaukee, WI?

Using the common 30% rule, renting a median-priced home takes about $40,560 a year in gross income.

Is South Milwaukee, WI expensive to live in?

Rent there is 28% lower than the U.S. median, and the median home costs about 3.2 times the median household income.

Other cities in Wisconsin

Milwaukee, WIRent $1,059 · Income $54,234Madison, WIRent $1,413 · Income $78,050Green Bay, WIRent $932 · Income $66,206Kenosha, WIRent $1,186 · Income $71,239Racine, WIRent $1,033 · Income $57,740Appleton, WIRent $1,030 · Income $80,483

Cities with a similar cost of living

Moorhead, MNRent $1,033 · Income $72,761Lewiston, IDRent $1,027 · Income $72,197Cuyahoga Falls, OHRent $1,038 · Income $72,705Midland, MIRent $1,048 · Income $73,325Sand Springs, OKRent $1,002 · Income $75,645Minot, NDRent $973 · Income $73,219

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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