Cost of Living in Menomonee Falls, WI

Population 38,963 · Wisconsin · Data vintage 2023

105
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Menomonee Falls lands reasonably close to national benchmarks on most cost indicators, with a median home value of $342,000 — 12% above the US figure. That makes it a useful reference point for comparing with more extreme markets in Wisconsin. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.

Geographically, Menomonee Falls sits roughly 10 miles northwest of Milwaukee. Median home values run roughly 99% higher than Milwaukee's $172,000.

Cost Overview

Housing 112
Rent 96

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Menomonee Falls

The median home value in Menomonee Falls is $341,600 — 12% above the national median of $305,000. Median rent runs $1,257/month, 4% lower than the national median of $1,314/month. The median household income of $98,460/year is 32% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Wisconsin's top state income tax rate is 7.7% and the combined sales tax is 5.4%. The climate averages highs of 57.4°F and lows of 41.3°F, with about 48.7" of annual snowfall. Overall, Menomonee Falls has a cost of living index of 105 versus the US average of 100, meaning it is 5% more expensive.

🏠 Housing

Median Home Value
$341,600
12% above avg
Zillow Home Value
$419,238
Zillow ZHVI
Median Rent
$1,257/mo
4% below avg
Zillow Rent
$1,520/mo
Zillow ZORI
Price-to-Rent Ratio
22.6x
Favors renting
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$712
1 BR
$781
2 BR
$997
3 BR
$1,290
4 BR
$1,448
Owner-occupied 75.0%
Renter-occupied 25.0%

💰 Estimated Monthly Budget

Rent median rent
$1,257
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,871/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.4 min
17% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.5%

Commute Mode

Drove alone
75.7%
Carpooled
7.3%
Public transit
0.1%
Walked
0.7%
Bicycle
0.1%
Work from home
15.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 7.7%
Total Sales Tax 5.4%
State rate 5.0%
Avg local rate 0.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$98,460
32% above avg
Per Capita Income
$55,721
Unemployment Rate
2.2%
55% below avg
Poverty Rate
5.0%
Labor Force Participation
65.8%

🎓 Education

Bachelor's degree+ 32.3%
Graduate degree 16.5%

👥 Demographics

Median Age 42
Male median age 41.1
Female median age 42.5

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
57.4°F
Avg Low
41.3°F
Annual Precip
34.6"
Annual Snowfall
48.7"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 313444556777828074614836
Low °F 172029384858656456453323
Precip" 1.791.692.203.863.544.383.403.653.162.782.241.88
Snow" 14.911.86.72.10.00.00.00.00.00.32.510.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 52 — Moderate
47.5%
Good air days/yr
270
Max AQI recorded
250
PM2.5 days
110
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

96%
4-Year Graduation Rate
15.6:1
Student-teacher ratio
6
Public schools
3,970
Total enrollment

Frequently Asked Questions

What is the cost of living in Menomonee Falls, WI?

Menomonee Falls has a cost index of 105 (100 = national average). It is 5% above the national average.

What is average rent in Menomonee Falls, WI?

The median gross rent in Menomonee Falls is $1,257 per month based on 2023 Census data.

What is the average home price in Menomonee Falls?

The median home value in Menomonee Falls is $341,600 according to Zillow and Census data.

What is the median income in Menomonee Falls?

The median household income in Menomonee Falls is $98,460 per year (2023 ACS 5-year estimates).

What is the sales tax in Menomonee Falls, WI?

The combined state and local sales tax rate in Menomonee Falls is 5.4%. The Wisconsin state income tax top rate is 7.7%.

Is Menomonee Falls, WI affordable?

Menomonee Falls is near the national average in terms of cost of living, with an index of 105 (100 = US average).

What is the weather like in Menomonee Falls?

Menomonee Falls has average high temperatures of 57.4°F and average lows of 41.3°F. Annual precipitation is 34.6". Average annual snowfall is 48.7". Data from NOAA 1991–2020 Climate Normals.

Menomonee Falls at a Glance

Population
38,963
Median Income
$98,460
Home Value
$341,600
Median Rent
$1,257/mo
Unemployment
2.2%
Avg High Temp
57.4°F
Sales Tax
5.4%
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Explore county-level cost of living data

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