If you live in Milwaukee, here's the household income you need to be financially stable, report says
Researchers found that enjoying a comfortable lifestyle requires a minimum of earning $102,000 annually across the 50 largest U.S. cities, including Milwaukee. Meanwhile, Milwaukee residents are facing increasing rent prices and concerns about food insecurity, especially in younger people.
The report determined the household income necessary to thrive in the U.S. by analyzing the 50 largest cities based on population, along with key factors like annual grocery and child-care costs, and monthly mortgage expenses.
Here's a look at how much money you'll need to live comfortably in Milwaukee in 2025.
RELATED: Wisconsin's most expensive lake homes for sale include new construction, Victorian style
Milwaukee residents need a household income of $134,193 to live comfortably, according to GoBankingRates.com. Milwaukee ranked 20th-highest among the 50 cities in the report.
Home owners in Milwaukee have an annual mortgage cost of $14,323, according to the report. The annual price of grocery totals $8,418, health care costs $7,103 and child care costs $31,929 annually.
According to GoBankingRates.com, the median household income needed to be middle class in Wisconsin is $72,458. The lowest end of the middle-class income range is $48,305, with the highest end at $144,916 annually.
These are the top five most expensive cities in the U.S. to achieve financially stability, according to GoBankingRates.com:
Washington, D.C. (Income needed: $189,306)
Boston ($175,628)
New York ($173,006)
San Francisco ($172,340)
San Jose, California ($167,958)
RELATED: Home prices differ greatly between Milwaukee County, suburbs. Which are most affordable?
This article originally appeared on Milwaukee Journal Sentinel: This is Milwaukee household income needed to be financially stable
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
4 days ago
- Newsweek
What Homeowner Finds While Renovating 1858 Victorian House Stuns Internet
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A video showcasing the quirks and hidden treasures of a Victorian home dating back to 1858 has gone viral on TikTok. The clip, shared by Michele Mayberry (@henryklisthouse), a patent attorney from Blacksburg, Virginia, follows her ongoing renovation of a historic property in Wheeling, West Virginia. The video has had over 636,000 viewers since it was posted on June 29. Mayberry purchased the home last year, she told Newsweek. Set to her voiceover narration, the video walks viewers through a series of unexpected and curious discoveries from inside the home. "Here's some old things we found in our 1858 Victorian home that we are renovating," Mayberry says at the start of the video. The viral clip comes amid a broader trend in rising investments in home renovation. The median spending on home renovation in the United States was found to have surged by 60 percent between 2020 and 2023, rising from $15,000 to $24,000, according to a 2024 survey by Houzz, a home design website. Among the more eye-catching finds in the viral clip is a vintage sign that reads "Blood Mobile," a relic from the when the house was used by the Moundsville Chapter of the American Red Cross in the mid-20th century. The building had also served as a school prior to that time. "There were several antique mirrors and furniture left behind," Mayberry told Newsweek. "The walled-up windows are the most interesting. They provide hints as to how the house was configured at different points in time throughout the history of the house." She added that one of the covered windows—found in a basement wall—was once an exterior window of a garage that has since been converted into a room. "There is a beautiful stained-glass window and door that used to be the exterior also but was included in the interior when the 1880s addition was added on," she said. One especially puzzling discovery is shown in a narrow closet. "There is an exterior window that they covered up in this closet, it goes back to the same stairwell," Mayberry says in the video. "But it's in the middle of the house, so I'm really not sure why there's an exterior window here." The clip also spotlights a vintage bentwood chair, which Mayberry said was left behind from when the building operated as the Lyceum School. Another piece is an antique mirror found on the bathroom mantle. "The label indicates that the mirror came from an art store in Wheeling that was around in the early 1900s," she notes. 'So Cool' The unusual finds and preserved architectural details—such as original windows, doors, and furnishings—have inspired praise and fascination in the video's comments section. "This is so awesome," wrote TikTok user booby_bear, while KW4200 said: "this is so cooooooool." User @youshouldeat said: "I would love to find these treasures," and @t_doucier said: "a house with a History... with a soul." Several viewers speculated about the strange interior window. "Maybe that window was for ventilation in the stairway and to add light from the other room," suggested runninglight21. JoAnne89 added: "The exterior window might of been the outside wall & the previous owners might of made the house bigger." "The house is beautiful," commented a user called Grand Army of the Republic. "I bet that window is for lighting that stairwell before electrical lights and too narrow for an oil lamp." Several viewers were invested in the home's architectural preservation. "Please keep its charm and don't turn it dull and grey," pleaded paniicattak. A screenshot from a viral TikTok video showcasing various old items found in an 1858 Victorian home in Virginia. A screenshot from a viral TikTok video showcasing various old items found in an 1858 Victorian home in Virginia. @henryklisthouse on TikTok Do you have a home renovation-related video or story to share? Let us know via life@ and your story could be featured on Newsweek.
Hamilton Spectator
5 days ago
- Hamilton Spectator
Hamilton-area Today: A big redevelopment forced her out of her home; six years later, it still hasn't happened + Rally for Shai Gilgeous-Alexander
G ood morning! It's July 22, and here are the top stories today in the Hamilton area. Expect another ideal summer day. Environment Canada is forecasting a high of 25 C at the airport weather station that feels like 28 with humidity. There are no alerts. Find the latest provincial road closures and traffic incidents via Ontario 511 . Taking transit today? Find the latest GO Transit service updates here . The latest information on local bus services is available here: Hamilton , Burlington and Oakville . Six years ago, the looming redevelopment of the Jamesville housing complex forced Eva Danielova and her two kids out of their home. Danielova was reluctant to leave. The city announced Monday that it would be holding a community rally for Shai Gilgeous-Alexander at Hamilton Stadium. He'll be given one of Hamilton's rarest honours. During the coldest months of the year, when vulnerable hospital patients were discharged to a drop-in centre instead of the cold street, it was Vaishali Vajpayee's team digging into hospitalization data. She's proud to use her new data-science abilities, acquired through the YWCA's Uplift program. An explorer who once lived in Hamilton was a key figure in finding the Erebus and Terror. What John Rae found while searching for Sir John Franklin's disastrous expedition horrified Victorian society and won him a big cash reward. Mimi's Asian Gourmet was among the restaurants that closed recently in Hamilton, but another is set to open in the King Street East space in the 'near future.' Here's a listing of some other comings and goings in the local business scene. Subscribe to our newsletters for the latest local content . Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
6 days ago
- Yahoo
10 States Where Homeowners Are Most Likely To Benefit From Trump's SALT Tax Break
President Donald Trump's newly passed 'One Big Beautiful Bill' includes a major win for homeowners in high-tax states: a sharp increase in the State and Local Tax (SALT) deduction cap. The cap will jump from $10,000 to $40,000 for most taxpayers, allowing them to deduct more in property and income taxes from their federal returns. Check Out: Learn More: This change is especially impactful for homeowners in states with high property taxes, where many residents already exceed the $10,000 cap. According to a recent Axios analysis, these 10 states have the highest share of homes taxed at $10,000 or more, making their residents the biggest beneficiaries of the new deduction. 1. New Jersey Share of properties taxed at least $10,000: 39.9% Read More: Find Out: 2. New York Share of properties taxed at least $10,000: 25.9% Also See: 3. Connecticut Share of properties taxed at least $10,000: 19.4% 4. California Share of properties taxed at least $10,000: 19.3% 5. Massachusetts Share of properties taxed at least $10,000: 18.4% Also See: 6. New Hampshire Share of properties taxed at least $10,000: 16.3% 7. Illinois Share of properties taxed at least $10,000: 13.7% 8. Texas Share of properties taxed at least $10,000: 12.4% Also See: 9. Rhode Island Share of properties taxed at least $10,000: 9.3% 10. Hawaii Share of properties taxed at least $10,000: 8.9% Editor's note: Data was sourced from Axios and is accurate as of July 1, 2025. More From GOBankingRates 10 Genius Things Warren Buffett Says To Do With Your Money This article originally appeared on 10 States Where Homeowners Are Most Likely To Benefit From Trump's SALT Tax Break
