Milwaukee, WI Profile: Facts & Data

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Milwaukee, Wisconsin - Basic Facts

The City of Milwaukee is the largest city in Wisconsin with a population of 573,262 as of July 1, 2023. Milwaukee ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Wisconsin. See peer rankings below.

The primary coordinate point for Milwaukee is located at latitude 43.0389 and longitude -87.9065 in Milwaukee County. The formal boundaries for the City of Milwaukee encompass a land area of 96.11 sq. miles and a water area of 0.64 sq. miles. Milwaukee County is in the Central time zone (GMT -6).

The City of Milwaukee has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Milwaukee 2023 Demographic Data
  2. Growth Rates for Milwaukee (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Wisconsin Research Tools (Easy Tools & Current Data)
  3. Wisconsin Data Comparison Tool - 2023 Demographics
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Milwaukee, WI Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 573,262 (100%)
Population in Households 557,582 (97.3%)
Population in Families 401,791 (70.1%)
Population in Group Quarters1 15,680 ( 2.7%)
Population Density 5,961
Diversity Index2 80
 
 

INCOME

Median Household Income $48,344
Average Household Income $70,489
% of Income for Mortgage4 22%
Per Capita Income $28,996
Wealth Index5 46
Socioeconomic Status Index6 Low (40.8)
 

HOUSING

Total HU (Housing Units) 257,713 (100%)
Owner Occupied HU 99,776 (38.7%)
Renter Occupied HU 135,173 (52.5%)
Vacant Housing Units 22,764 ( 8.8%)
Median Home Value $179,388
Average Home Value $219,868
Housing Affordability Index3 91
 

HOUSEHOLDS

Total Households 234,949
Average Household Size 2.37
Family Households 126,214
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -0.21% -0.04%
Households -0.06% 0.16%
Families   0.01%
Median Household Income   2.31%
Per Capita Income   3.23%
Owner Occupied HU   0.54%

Milwaukee, WI - Peer Comparisons by Rank and Percentile

The table below compares Milwaukee to the other 807 incorporated cities, towns and CDPs in Wisconsin by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 1 100th
Population Density # 3 100th
Median Household Income # 748 7th
Housing Affordability Index # 173 21st
Per Capita Income # 723 11th
Diversity Index # 3 100th

Additional comparisons and rankings can be made with a VERY EASY TO USE Wisconsin Census Data Comparison Tool.

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