| Index | Menomonee Falls | Wisconsin | National |
| Cost of living | 110 | 96 | 100 |
| Groceries | 101 | 99 | 100 |
| Health care | 96 | 98 | 100 |
| Housing | 139 | 89 | 100 |
| Transportation | 95 | 98 | 100 |
| Utilities | 102 | 101 | 100 |
| Lifestyle & Entertainment | 94 | 98 | 100 |
| Household Items | 99 | 99 | 100 |
| Education & Childcare | 100 | 98 | 100 |
Getting a feel for the cost of living in Menomonee Falls is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Menomonee Falls is 110, which is 10% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
When it comes to the cost of living in Menomonee Falls, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 38.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
Is Menomonee Falls affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Menomonee Falls, for instance, where the median home price falls 47.8% higher than the national average, and monthly rent rates are 18.1% higher than usual. Additionally, median income levels contribute to the equation, with Menomonee Falls flaunting a median household income of $131,362, 61.5% higher than the national norm.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Menomonee Falls, the standard sales tax rate starts at 5%, and the income tax rates commence at 3.54%.
Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.
Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.
The cost of living estimates displayed for Menomonee Falls are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Groceries index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $155,167 | $12,931 | $3,620 | $4,655 |
| Renters | $67,399 | $5,617 | $1,573 | $2,022 |
| State | General Sales Tax | With Max Surtax |
| Wisconsin | 5% | 6.75% |
| State | Income Tax (Low) | Income Tax (High) |
| Wisconsin | 3.54% | 7.65% |
| City | Population | Cost of Living Index | National Avg. |
| Milwaukee, WI | 605,531 | 93 | 7.2% |
| West Milwaukee, WI | 4,258 | 92 | 8.3% |
| Lannon, WI | 1,221 | 94 | 6.0% |
| St. Francis, WI | 9,923 | 95 | 4.9% |
| West Allis, WI | 61,432 | 93 | 6.8% |
| Menomonee Falls, WI | 38,737 | 110 | 10.4% |
| City | Population | Cost of Living Index | National Avg. |
| Egypt Lake-Leto, FL | 38,732 | 104 | 4.0% |
| Valley Stream, NY | 38,754 | 144 | 44.4% |
| Hanover Park, IL | 38,780 | 107 | 7.0% |
| La Presa, CA | 38,679 | 144 | 43.5% |
| Spartanburg, SC | 38,808 | 92 | 8.2% |
| Menomonee Falls, WI | 38,737 | 110 | 10.4% |
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