Milwaukee offers an enticing blend of urban vibrancy and accessible living, far removed from the exorbitant costs of many major cities. Imagine strolling through a neighborhood with a Walk Score of 98, meaning almost every errand is a breeze on foot. You can enjoy that lifestyle while also benefiting from a remarkably affordable cost of living. Milwaukee's median home value clocks in at just $145,000, a stark contrast to the national average, making homeownership a realistic goal for many. The median rent of $1,532 is also a pleasant surprise. With an impressive Bike Score of 85, you can also consider yourself a cyclist.
From an investment perspective, Milwaukee presents a compelling opportunity. While the homeownership rate is 15%, the potential for growth and value appreciation is strong. The unemployment rate is a favorable 3.5%, slightly below the national average, indicating a healthy job market. Though property crime is slightly higher than desired at 15.5 per 1,000 residents, the violent crime rate of 3.2 per 1,000 residents is manageable. Milwaukee's affordability index of 117 indicates that housing costs are lower relative to income. This city is ideal for those seeking affordability without sacrificing lifestyle.
Beyond the practicalities, Milwaukee offers a high quality of life. The air quality is excellent, with an AQI of 26, ensuring clean, fresh air. The noise level is quiet, providing a peaceful environment. While you'll experience the full range of seasons, you can enjoy the unique character of the city. Milwaukee is a place where you can build a fulfilling life without breaking the bank.
Median Home Value
$145,000
Median Income
$41,838
Population
577,222
Walk Score
98
Air Quality
AQI 26
Good
Climate Risk
Relatively Low
- Population
- 577,222
- Median Age
- N/A
- Median Household Income
- $41,838
- Bachelor's Degree+
- N/A
- Poverty Rate
- N/A
- Median Home Value
- $145,000
- Median Rent
- $1,532
- Homeownership Rate
- 15.0%
- Affordability Index
- 117
- Violent Crime Rate
- 3.2 per 1K
- Property Crime Rate
- 15.5 per 1K
- AQI
- 26
- Category
- Good
- Overall Risk
- Relatively Low
- Risk Score
- 55.2
Top Hazards
- Overall
- Quiet
- Road Traffic
- 0 dBA
- Aviation
- 0 dBA
- Rail
- 0 dBA
- Electricity Rate
- 13.9¢/kWh
- Est. Monthly Electric
- $126
- Unemployment Rate
- 3.5%
- Poverty Rate
- N/A
Weather & Climate in Milwaukee
Avg High
58°F
Avg Low
42°F
Annual Rainfall
34.2"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Milwaukee County county-level presidential election data
Culture & Things to Do in Milwaukee
Summerfest
The world's largest music festival, held annually in late June and early July.
Wisconsin State Fair
A large state fair featuring agricultural exhibits, food, and entertainment.
PrideFest
A three-day festival celebrating the LGBTQ+ community.
German Fest
A celebration of German culture with food, music, and dance.