Milwaukee Real Estate Market Overview
Public School Ranking:
Location and Weather
Milwaukee lies on the western shore of Lake Michigan, and is the largest city in the state of Wisconsin as well as the third-most densely populated metropolitan area in the Midwest. Milwaukee has a sports culture that includes an NBA team, the Milwaukee Bucks and an MLB team, known as the Milwaukee Brewers. Milwaukee has a thriving arts community that includes art galleries and museums, such as the Milwaukee Art Museum, the Pabst Mansion and Harley-Davidson Museum. Summerfest, the largest music festival in the world, is an economic boon to the city each year.
Milwaukee summers are warm; the winters are freezing and dry. The summer temperatures are in the high 70’s, with lows in the mid-60’s. The winter temperatures are in the 30’s, with lows in the high-teens.
Population, Job Market and Cost of Living
Milwaukee’s population in 2019 was 599,086, with a growth rate of 1.6%. The job growth has increased by 0.32% over the last year and in ten years, is predicted to have increased by 28.26%. The major industries are in healthcare, social assistance, manufacturing and retail trade. The largest employers are Johnson Controls, Aurora Sinai Medical Center, Manpower Group, Rockwell Automation and Roundy’s. The cost of living is low, due to the Milwaukee real estate market and cost of available housing.
With a thriving sports and entertainment culture, prime location on Lake Michigan, mild summers, steady job growth and low cost of living, Milwaukee will continue to attract those that want to live and work in this beautiful city on Lake Michigan.