Quality of Life in Milwaukee, WI for an Income of $59,920
Overview
For individuals earning $59,920 annually in Milwaukee, WI, the cost of living and housing market dynamics are crucial determinants of their quality of life. Here's a detailed look into various aspects that shape life in Milwaukee for this income level, compared to broader U.S. figures.
Cost of Living
- Overall Affordability: Milwaukee's cost of living is slightly below the national average, making it reasonably affordable for someone earning close to $60,000.
- Key Expenses:
- Groceries and Dining: Food costs align closely with the national average, providing moderate daily expenses.
- Transportation: Public transportation is accessible, with costs generally below those found in larger metropolitan areas.
- Utilities: Heating costs can be higher during winter months, but overall utility expenses remain manageable.
Housing Market
- Home Prices: The median home price in Milwaukee is significantly lower than the national average, making home ownership more attainable.
- Rental Costs: For those not buying, rental prices are also competitive, with a range of options available for various budget levels.
- Property Taxes: Milwaukee's property taxes are relatively higher, which can impact overall affordability for homeowners.
Quality of Life
- Community and Culture: Milwaukee offers a vibrant cultural scene with festivals, breweries, and arts, enriching community life.
- Recreational Activities: Access to parks and Lake Michigan provides ample opportunities for outdoor activities.
Access to Healthcare
- Healthcare Quality: The city hosts several reputable hospitals and medical facilities, ensuring good healthcare access.
- Healthcare Costs: While access is good, healthcare costs can vary, with some facilities charging above-average fees for specific services.
Quality of K-12 Schools
- Public Schools: Milwaukee's public schools show a range of performance metrics, with some schools performing below average.
- Alternative Education: Charter and private schools provide additional options, often with stronger educational outcomes.
Summary
Earning $59,920 annually in Milwaukee, WI, offers a livable quality of life with reasonable affordability in both housing and daily living expenses. The city benefits from a vibrant cultural atmosphere and adequate healthcare facilities, albeit with some challenges in public education quality and higher property taxes. The relatively lower home prices compared to the national average further enhance its attractiveness for potential homeowners.
