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How Far Does Your Money Go in Milwaukee?

By Michael Watson

A person's well-being is always important, but as we age, we require more attention and care. The cost of caring for ourselves or a senior loved one can be a burden and it's essential to understand all the options available for senior care. Here you'll find a guide to help you understand everything you need to know about the cost of senior care in Milwaukee, Wisconsin.

Cost of Living in Milwaukee

  • There are nearly 950,000 people living in the city of Milwaukee, with almost 14% of that population aged 65 or older.
  • The average Milwaukee household has an income of $45,000 per year, while the average income of a senior is around $28,000 per year. 
  • The median cost of owning a home in Milwaukee is around $1,400 per month and renting averages around $800 per month. The average home is valued at around $150,000 and overall, Milwaukee has a lower-than-average cost of living when compared to the national average.
  • Nearly 35% of seniors in Milwaukee live alone and more than 30% of seniors report an annual income of less than $20,000.

Private and Non-Private Nursing Homes

The need for senior care is ever-increasing in the Milwaukee area and it may be necessary for seniors to be cared for in nursing homes. It is often the most expensive choice for senior care, with an average of between $200-$220 per day.

Assisted-Living Facilities

Many seniors turn to assisted-living facilities because they offer a level of security and independence. But these care options may also be expensive for some, with an average cost of about $3,000 per month. However, you can expect to pay up to $4,400 per month for some locations in Milwaukee.

In-Home Care: Home Health Aides, Caregivers

For many reasons, seniors opt to stay in their own homes when they can. Being in their home ensures comfort and independence, and there's a variety of help that can be found for in-home care. The average caregiver or home health aide costs about $19-$21 per hour, making it a convenient and affordable option for many seniors in Milwaukee.

For more information on home care near you, refer to our services. Our caregivers are more than happy to help you or a loved one get the care you need.