Menomonee Falls, WI

Average · 100

Wisconsin · Population 38,963 · Updated March 2026

$1,257
Median Rent / Month
$98,460
Median Income
$341,600
Median Home Value
$1,514
Owner Costs / Month

Affordability

How far your income goes in Menomonee Falls

15.3%
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

$15,084
Annual Rent
$7,532
State Income Tax
$5,500
Property Tax (est.)

Cost of Living Overview

Menomonee Falls has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 100 (where 100 equals the national median), Menomonee Falls residents can expect to pay median rent of $1,257/month while earning a median household income of $98,460/year.

The median home value in Menomonee Falls, WI is $341,600, with typical monthly owner costs around $1,514 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.3% 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 Menomonee Falls.

Frequently Asked Questions

Common questions about living costs in Menomonee Falls

What is the cost of living in Menomonee Falls, WI?
The cost of living index in Menomonee Falls, WI is 100 (US average = 100). Median monthly rent is $1,257, median household income is $98,460/year, and the median home value is $341,600.
Is Menomonee Falls, WI affordable?
No, Menomonee Falls is more expensive than the national average with a cost index of 100. The rent-to-income ratio is 15.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Menomonee Falls, WI?
The median gross rent in Menomonee Falls, WI is $1,257 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,084.
What is the median household income in Menomonee Falls?
The median household income in Menomonee Falls, WI is $98,460 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%.