Median rent is 39% lower in Milwaukee ($1,059/mo vs $1,729/mo). Buying is cheaper in Milwaukee, where the median home runs $184,000 versus $555,300. Households earn more in Austin ($93,658 vs $54,234 a year). Taken together, Milwaukee is the more affordable choice with a cost index of 95.7 against 98.3 — about 3% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Cost of living verdict
Milwaukee is 3% cheaper overall
Cost of Living Index: 95.7 in Milwaukee vs 98.3 in Austin (US national average = 100)
City A
Austin, TX
City B
Milwaukee, WI
How much would you need to earn in Milwaukee, WI to maintain your standard of living from Austin, TX?
Equivalent salary in Milwaukee, WI
$73,013
You could earn $1,987 less (3% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Austin
Texas
Milwaukee
Wisconsin
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Milwaukee — median rent of $1,059/mo versus $1,729/mo in Austin, a 39% difference. Home buyers face a steeper market in Austin: the median home is $555,300 versus $184,000 in Milwaukee — 67% more expensive.
Metric
Austin
Milwaukee
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Austin
Income tax: N/A
Sales tax: N/A
Milwaukee
Income tax: N/A
Sales tax: N/A
Milwaukee has cleaner air on average: 22.0 AQI (Good) compared to 65.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Austin if you prioritize higher median household income ($93,658/yr).
Pick Milwaukee if you prioritize cheaper rent ($1,059/mo median).
Pick Milwaukee if you prioritize cleaner air quality (avg AQI 22.0).
Milwaukee is cheaper overall, with a cost of living index of 95.7 versus 98.3 (US average = 100). That means prices run about 3% lower in Milwaukee.
Median rent is $1,729/mo in Austin, TX and $1,059/mo in Milwaukee, WI. Milwaukee, WI has the lower rent by about 39%.
Median household income is $93,658 in Austin, TX and $54,234 in Milwaukee, WI. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Milwaukee, WI has better air quality on average: 22.0 AQI versus 65.0 AQI. Both are EPA AirNow annual averages; lower is better.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $97,350 in Milwaukee, WI (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
