Milwaukee, WI vs Madison, WI: 67 vs 103

$1,033/mo ↓ 24%

Median Rent

$1,364/mo ↑ 32%

$51,888/yr ↓ 33%

Median Income

$76,983/yr ↑ 48%

$172,000 ↓ 50%

Home Value

$346,900 ↑ 102%

$1,082/mo ↓ 27%

Owner Costs

$1,476/mo ↑ 36%

569,756

Population

275,568

Detailed Comparison

When comparing Milwaukee, WI and Madison, WI, the overall cost of living indices are 67 and 103 respectively (national median = 100). Rent is $331/month cheaper in Milwaukee, saving renters about $3,972/year.

Median household income is $25,095/year higher in Madison. Home values also differ significantly — the median in Milwaukee is $172,000 compared to $346,900 in Madison.

Both cities share the same state tax structure since they are in Wisconsin.

Frequently Asked Questions

Milwaukee vs Madison — common questions

Is Milwaukee or Madison cheaper to live in?

Based on our cost index, Milwaukee is cheaper to live in with an index of 67 compared to 103 (US average = 100).

What is the rent difference between Milwaukee and Madison?

Median rent in Milwaukee is $1,033/month and in Madison it's $1,364/month — a difference of $331/month.

Which city has higher income, Milwaukee or Madison?

Median household income is $51,888 in Milwaukee and $76,983 in Madison. Median household income is $25,095/year higher in Madison.

How do taxes compare between Wisconsin and Wisconsin?

Both cities are in Wisconsin and share the same state tax rates: 7.65% income tax, 5.0% sales tax, and 1.61% property tax.

Should I move to Milwaukee or Madison?

It depends on your priorities. Milwaukee has a cost index of 67 with median rent of $1,033/mo, while Madison has a cost index of 103 with rent of $1,364/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.

Cost of Living: Milwaukee, WI vs Madison, WI (2026)

Milwaukee

Madison

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

More Comparisons