Cost of Living in Milton, WI: Rent, Income & Home Prices

CheapRent takes 15 cents of every $1 people earn here.

🏠 Rent per month (2026)$1,13735% lower than U.S. average

💵 Families earn per year (2026)$92,707about $7,726/month · 6% higher than U.S. average

🔑 House price$249,20025% lower than U.S. average

Rent is lower than in 80% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 30.3 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $45,480 a year. That is $22 an hour at a full-time job.

Is rent cheaper than other Wisconsin cities?

Yes. Rent here is cheaper than in most of Wisconsin. It is number 46 of 156 cities from cheapest to most expensive.

Milton

$1,137

$1,803

$1,444

$1,073

$920

$879

$967

How much do households earn in Milton?

Under $25k

10.2%

$25k–50k

20.4%

$50k–100k

47.4%

$100k–150k

15.1%

$150k+

8.3%

Share of households by yearly income. 23.4% of households earn $100,000 or more.

Rent by apartment size in Milton

Size	Milton	U.S. average
1 bedroom	$985	$1,324
2 bedrooms	$1,129	$1,509
3 bedrooms	$766	$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Milton overall?

Everyday prices in Wisconsin overall are 6% below the U.S. average (index 94.1, U.S. = 100).

Housing

Goods (food, clothes…)

Utilities

Other services

100

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Milton, so the Wisconsin figure is shown.

Taxes and bills in Milton

🏛️ Property tax$4,320a year · 1.73% of home value · U.S. $3,119

⚡ Electric bill$138a month (typical) · U.S. $156

Life in Milton

Commute to work30.3 minU.S.: 26.4 min

College degree28.3%U.S.: 35.7%

Own their home74%U.S.: 65.2%

Below poverty line6.5%U.S.: 12.5%

Unemployment0.9%U.S.: 5.2%

Is it cheaper to rent or buy in Milton?

Renting is cheaper right now: about $592 a month less.

Renting

$1,137

Owning

$1,729

Owning assumes a typical $249,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,920 for the down payment.

Frequently asked questions

What is the average rent in Milton, WI?

Renting in Milton costs a median of about $1,137 a month in 2026, including utilities. The Wisconsin median is $1,305.

How much do I need to make to live in Milton?

To keep rent under 30% of income, you need about $45,480 a year, or $22 an hour at a full-time job.

Is Milton cheap or expensive?

Milton is rated Cheap: rent takes 14.7% of the typical household income of $92,707. It ranks 46th cheapest of 156 Wisconsin cities we track.

How much are property taxes in Milton?

The median homeowner in Milton pays $4,320 a year in property taxes, about 1.73% of the median home value.

Is Milton more expensive than the national average?

Overall prices in Wisconsin are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Milton?

The median home value in Milton is $249,200, about 2.7 times the typical yearly household income.

5,706 people live in Milton. Numbers are typical (middle) values.

Is Milton, WI expensive to live in?