| Index | Muskego | Wisconsin | National |
| Cost of living | 115 | 96 | 100 |
| Groceries | 99 | 99 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 156 | 89 | 100 |
| Transportation | 98 | 98 | 100 |
| Utilities | 98 | 101 | 100 |
| Lifestyle & Entertainment | 98 | 98 | 100 |
| Household Items | 100 | 99 | 100 |
| Education & Childcare | 95 | 98 | 100 |
Getting a feel for the cost of living in Muskego 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 Muskego is 115, which is 15% 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.
Housing costs are a very significant part of the Muskego cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 55.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Is Muskego 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 Muskego, for instance, where the median home price falls 68% higher than the national average, and monthly rent rates are 27% higher than usual. Additionally, median income levels contribute to the equation, with Muskego flaunting a median household income of $144,030, 77.1% higher than the national norm.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Muskego, the housing index comes in at 55.7% higher than the national average.
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.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Muskego, the utilities index registers 1.8% lower than the national average.
The Muskego cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $158,024 | $13,169 | $3,687 | $4,741 |
| Renters | $72,367 | $6,031 | $1,688 | $2,171 |
| 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% |
| St. Francis, WI | 9,923 | 95 | 4.9% |
| West Allis, WI | 61,432 | 93 | 6.8% |
| Cudahy, WI | 18,834 | 94 | 5.6% |
| Muskego, WI | 25,672 | 115 | 15.3% |
| City | Population | Cost of Living Index | National Avg. |
| Decatur, GA | 25,677 | 147 | 46.8% |
| Ardmore, OK | 25,666 | 90 | 9.7% |
| Fountain Hills, AZ | 25,686 | 132 | 32.3% |
| Tecumseh, ON | 25,689 | n/a | |
| Burlington, IA | 25,653 | 88 | 11.8% |
| Muskego, WI | 25,672 | 115 | 15.3% |
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