New Berlin, WI

Average · 102

Wisconsin · Population 40,384 · Updated March 2026

$1,409
Median Rent / Month
$97,414
Median Income
$343,500
Median Home Value
$1,384
Owner Costs / Month

Affordability

How far your income goes in New Berlin

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

$16,908
Annual Rent
$7,452
State Income Tax
$5,530
Property Tax (est.)

Cost of Living Overview

New Berlin has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), New Berlin residents can expect to pay median rent of $1,409/month while earning a median household income of $97,414/year.

The median home value in New Berlin, WI is $343,500, with typical monthly owner costs around $1,384 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 New Berlin.

Frequently Asked Questions

Common questions about living costs in New Berlin

What is the cost of living in New Berlin, WI?
The cost of living index in New Berlin, WI is 102 (US average = 100). Median monthly rent is $1,409, median household income is $97,414/year, and the median home value is $343,500.
Is New Berlin, WI affordable?
No, New Berlin is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 17.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in New Berlin, WI?
The median gross rent in New Berlin, WI is $1,409 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,908.
What is the median household income in New Berlin?
The median household income in New Berlin, WI is $97,414 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%.