Cost of Living in Milwaukee, WI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
96.4
100 = national avg
-3.6 vs national average
Living Wage (1 Adult)
$42,403
per year
Living Wage (Family of 4)
$100,226
per year
Cost Index by Category
Housing112.6
Food89.7
Transportation85.5
Healthcare91.7
Utilities96.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,119
per month
2 Bedroom
$1,338
per month
The overall cost of living index in Milwaukee is 96.4, which is 3.6% below the national average. Housing costs are above the national average at an index of 112.6. A single adult needs to earn approximately $42,403 per year to cover basic expenses.