Cost of Living in Milwaukee, WI

Milwaukee-Waukesha, WI — prices, rents and what jobs really pay here after taxes.

Price level
96.9
U.S. average = 100 · #130 of 387
Median wage
$51,160
all jobs · $3,485/mo take-home
1-bedroom rent
$1,119
HUD fair market rent

Salary comparison calculator

What would you need to earn in Milwaukee, WI to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Milwaukee, WI vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items96.9−3.1%
    Housing97.1−2.9%
    Goods93.8−6.2%
    Utilities91.6−8.4%
    Other services99.4−0.6%

    Source: BEA Regional Price Parities, 2024.

    Rent in Milwaukee, WI

    UnitMonthly rentIncome needed (30% rule)
    Studio$1,027$41,080/yr
    1 bedroom$1,119$44,760/yr
    2 bedrooms$1,338$53,520/yr
    3 bedrooms$1,648$65,920/yr
    4 bedrooms$1,784$71,360/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Milwaukee, WI

    Paycheck in Milwaukee, WI
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $41,817
    per year · effective tax rate 18.3%
    $3,485Monthly
    $1,742Twice a month
    $1,608Every 2 weeks
    $20.10Hourly
    • Federal income tax$3,959
    • Social Security (6.2%)$3,172
    • Medicare (1.45%)$742
    • Wisconsin income tax$1,470
    • Take-home pay$41,817

    Marginal rate: 12% federal + 4.40% state

    Highest-paying jobs in Milwaukee, WI

    JobMedian salaryTake-homeReal value*
    Physicians, All Other$239,200+$262,931$271,239
    Emergency Medicine Physician$239,200+$164,795$170,002
    Computer and Information Systems Manager$161,220$114,296$117,907
    Financial Manager$156,100$111,068$114,577
    Dentists, General$155,940$110,967$114,473
    Pharmacist$153,340$109,327$112,782
    Sales Manager$144,560$103,792$107,071
    Architectural and Engineering Manager$143,570$103,167$106,427
    Human Resources Manager$136,530$98,729$101,848
    Physician Assistant$135,040$97,789$100,879
    Nurse Practitioner$134,350$97,354$100,430
    Computer Network Architect$134,070$97,178$100,248
    Medical and Health Services Manager$133,270$96,673$99,728
    Lawyer$131,100$95,305$98,317
    Marketing Manager$130,700$95,053$98,056
    Managers, All Other$129,300$94,170$97,146
    Purchasing Manager$127,950$93,319$96,268
    Personal Financial Advisor$125,810$91,970$94,876
    General and Operations Manager$125,490$91,768$94,668
    Software Developer$123,730$90,658$93,523

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Milwaukee, WI expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Milwaukee-Waukesha, WI metro area are 96.9% of the U.S. average, with housing at 97.1%. It is the #130 most expensive of 387 metro areas we track.

    What salary do you need to live in Milwaukee, WI?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $58,162 in Milwaukee, WI (before tax differences). The median wage across all jobs here is $51,160.

    How much is rent in Milwaukee, WI?

    HUD’s FY2026 fair market rents for Milwaukee, WI are $1,027 for a studio, $1,119 for one bedroom, $1,338 for two bedrooms and $1,648 for three bedrooms, including utilities.

    All salaries in Milwaukee, WI

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