| Index | New Berlin | Wisconsin | National |
| Cost of living | 112 | 96 | 100 |
| Groceries | 99 | 99 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 146 | 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 |
Understanding the cost of living in New Berlin can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The New Berlin cost of living index is 112, which is 12% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
Housing costs significantly influence the New Berlin cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 46.2%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Wondering if New Berlin is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In New Berlin, for example, the median home price is 51.1% higher than what folks pay nationally, and monthly rent is 34.6% higher than the usual rates. Plus, income levels matter too, with New Berlin boasting a median household income of $129,824, which is 59.6% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In New Berlin, healthcare costs are 2.9% lower than the national average.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In New Berlin, the groceries index is 1.4% lower than the national average.
The cost of living data for New Berlin shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $144,062 | $12,005 | $3,361 | $4,322 |
| Renters | $81,843 | $6,820 | $1,910 | $2,456 |
| 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% |
| New Berlin, WI | 40,724 | 112 | 12.4% |
| City | Population | Cost of Living Index | National Avg. |
| Crystal Lake, IL | 40,724 | 108 | 7.9% |
| Essex, MD | 40,724 | 108 | 7.7% |
| Germantown, TN | 40,725 | 120 | 20.0% |
| Sumter, SC | 40,739 | 92 | 7.9% |
| Plant City, FL | 40,706 | 103 | 3.3% |
| New Berlin, WI | 40,724 | 112 | 12.4% |
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