Brookfield, WI

Above Avg · 127

Wisconsin · Population 41,592 · Updated March 2026

$1,794
Median Rent / Month
$124,026
Median Income
$419,300
Median Home Value
$1,663
Owner Costs / Month

Affordability

How far your income goes in Brookfield

17.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Wisconsin

State-level tax rates that affect your costs

7.65%
Income Tax (Top Rate)
5.0%
Sales Tax
1.61%
Property Tax Rate

Estimated Annual Costs

$21,528
Annual Rent
$9,488
State Income Tax
$6,751
Property Tax (est.)

Cost of Living Overview

Brookfield has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 127 (where 100 equals the national median), Brookfield residents can expect to pay median rent of $1,794/month while earning a median household income of $124,026/year.

The median home value in Brookfield, WI is $419,300, with typical monthly owner costs around $1,663 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Wisconsin has a moderate income tax rate of 7.65%. Combined with a 5.0% sales tax rate and 1.61% effective property tax rate, the overall tax environment is a factor in the total cost of living in Brookfield.

Frequently Asked Questions

Common questions about living costs in Brookfield

What is the cost of living in Brookfield, WI?
The cost of living index in Brookfield, WI is 127 (US average = 100). Median monthly rent is $1,794, median household income is $124,026/year, and the median home value is $419,300.
Is Brookfield, WI affordable?
No, Brookfield is more expensive than the national average with a cost index of 127. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Brookfield, WI?
The median gross rent in Brookfield, WI is $1,794 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,528.
What is the median household income in Brookfield?
The median household income in Brookfield, WI is $124,026 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Wisconsin?
Wisconsin has a top income tax rate of 7.65%, a sales tax of 5.0%, and an effective property tax rate of 1.61%.