Milwaukee vs Albany

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Wisconsin salaries · New York salaries

Living in Milwaukee vs Albany

Housing is typically the biggest factor in any cost-of-living comparison. Milwaukee has a housing index of 80 while Albany sits at 93 (national average = 100). The median home in Milwaukee costs $175,000 compared to $220,000 in Albany, a difference of $45,000. Monthly rent follows a similar pattern: $1,100 in Milwaukee versus $1,200 in Albany.

Groceries and everyday expenses show a narrower gap: Milwaukee scores 100 while Albany scores 102. Both cities are close to the national average for grocery costs.

Healthcare costs in Milwaukee (102) are higher than Albany (100). Both are close to the national average.

Median household income in Milwaukee is $44,044 compared to $43,098 in Albany. When adjusted for cost of living, income goes further in Milwaukee.

Relocating: Milwaukee vs Albany

If you are considering a move between Milwaukee (index: 92) and Albany (index: 99), the 7% cost difference has real implications for your budget. Milwaukee is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Milwaukee can afford $1,028/month, while the median household in Albany can afford $1,006/month. With median homes at $175,000 in Milwaukee versus $220,000 in Albany, both cities offer reasonable homeownership opportunities at median income.

Renting vs buying: At $1,100/month in Milwaukee and $1,200/month in Albany, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Milwaukee where costs are 8% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Milwaukee (92) vs Albany (99)

The cost of living index uses 100 as the national average. Milwaukee at 92 is 8% below the US average, while Albany at 99 is 1% below average. Both cities are close to the national average in overall costs.

A 7-point index spread separates Albany from Milwaukee, a moderate gap that adds up across monthly bills but is manageable with a typical dual-income household budget. Housing shows the widest single-category margin at 80 versus 93, making it the area where residents will feel the most day-to-day price difference between Milwaukee and Albany. Housing, the largest line item for most households, favors Milwaukee with indices of 80 versus 93. Median home prices of $175,000 in Milwaukee and $220,000 in Albany underscore this gap. Neither city is cheaper across the board: Milwaukee has an edge in housing and groceries, while Albany is more affordable for transportation and healthcare. Your actual savings depend on which categories consume the biggest share of your personal budget.

For renters: With median rents of $1,100/month in Milwaukee and $1,200/month in Albany, the annual rent difference is approximately $1,200. Over a 5-year period, that compounds to $6,000 in savings by choosing the more affordable city.

For homebuyers: The $45,000 difference in median home prices between Milwaukee and Albany translates to roughly $2,700 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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