Menomonee Falls, WI vs Oswego, IL: Cost of Living

Which city costs less?

Oswego, IL has a modeled overall cost index 13.1% higher than Menomonee Falls, WI.

Menomonee Falls, WI · modeled 2BR rent: $1,640 / month
Oswego, IL · modeled 2BR rent: $1,660 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Menomonee Falls, WI and Oswego, IL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Menomonee Falls, WI

Numbers update automatically as you type

Estimated extra cost: $1,137/month in Oswego, IL

$150,000 in your current city has a modeled equivalent of $163,647 in Oswego, IL

Regional cost estimates: Menomonee Falls, WI uses Milwaukee, WI. Oswego, IL uses Chicago, IL. Available city ZIP rent estimates are shown separately.

Overall Cost

↑ 13.1%

More expensive

Monthly Impact

$1,137

Extra cost

Annual Impact

$13.6K

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Menomonee Falls, WI

Population:40K

Cost Index:

85.7

100 = national average

Typical Home:$414K

Oswego, IL

Population:37K

Cost Index:

97.0

100 = national average

Typical Home:$407K

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Menomonee Falls, WI

The Badger State

40K

Population

State Tax

Yes

Located in Wisconsin, this city has a population of 40K residents.

Oswego, IL

The Prairie State

37K

Population

State Tax

Yes

Located in Illinois, this city has a population of 37K residents.

Cost Breakdown by Category

Estimated monthly spending: Menomonee Falls, WI vs Oswego, IL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Menomonee Falls, WI	Oswego, IL	Difference	Change
Housing	$1,855/mo	$2,818/mo	↑ $962more	51.9%
Transportation	$1,508/mo	$1,715/mo	↑ $207more	13.7%
Healthcare	$794/mo	$641/mo	↓ $153less	19.2%
Other	$1,722/mo	$1,794/mo	↑ $71.97more	4.2%
Groceries	$1,059/mo	$1,109/mo	↑ $49.92more	4.7%
All Utilities	$561/mo	$560/mo	↓ $1.72less	0.3%

Housing

↑ 51.9%

Menomonee Falls, WI

$1,855

Oswego, IL

$2,818

Difference

$962

Transportation

↑ 13.7%

Menomonee Falls, WI

$1,508

Oswego, IL

$1,715

Difference

$207

Healthcare

↓ 19.2%

Menomonee Falls, WI

$794

Oswego, IL

$641

Difference

$153

less

Other

↑ 4.2%

Menomonee Falls, WI

$1,722

Oswego, IL

$1,794

Difference

$71.97

Groceries

↑ 4.7%

Menomonee Falls, WI

$1,059

Oswego, IL

$1,109

Difference

$49.92

All Utilities

↓ 0.3%

Menomonee Falls, WI

$561

Oswego, IL

$560

Difference

$1.72

less

🏠Rent Comparison

Studio

From$1,260

To$1,140

↓ $120

1 Bed

From$1,370

To$1,270

↓ $100

2 Bed

From$1,640

To$1,660

↑ $20.00

3 Bed

From$2,020

To$2,280

↑ $260

Menomonee Falls, WIZIP-level data

1BR range: $1,370–$1,370/mo

Oswego, ILZIP-level data

1BR range: $1,270–$1,270/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Menomonee Falls, WI

$8,637

Monthly in Oswego, IL

$1,137

Difference

Home Values

Menomonee Falls

Oswego

$414K

Median Value

$407K

↑ +5.5%

YoY Change

↑ +4.1%

↑ +26%

5-Year Change

↑ +49.9%

Homes in Oswego are 2% less expensive than Menomonee Falls

Calculate payment - Menomonee Falls Calculate payment - Oswego

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $1.4K

Per year

Monthly Difference

$119

More take-home

Effective Rate Diff

0.9%

Rate difference

Menomonee Falls, WI

Federal Income Tax

Effective: 18.9%

$25.5K

Wisconsin State Tax

Effective: 5.9%

$8.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 30.6%

$45.9K

Take-Home Pay

$8,678/month

$104.1K

Oswego, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/month

$105.6K

Additional Tax Information

Menomonee Falls, WI Tax Rates

Sales Tax:5.6%

Property Tax:1.8%

Oswego, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Menomonee Falls

Oswego

43 Good

Air Quality

54 Moderate

68.6%

Good Air Days

35.8%

98 High

Climate Risk

100 Very High

🌊🌡🌪

Top Hazards

🌊🌡🫨

▲+3.3°F

2050 Outlook

▲+3.2°F

13 days

Heat Days >95°F

18 days

▲+3.3°F

2050 Outlook

▲+3.2°F

13 days

Heat Days >95°F

18 days

Before moving from Menomonee Falls, WI to Oswego, IL

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Oswego, IL for the same bedroom count and included utilities as your home in Menomonee Falls, WI. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Menomonee Falls to Oswego moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Oswego, IL by cost, housing, population and region.

Frequently Asked Questions: Menomonee Falls, WI vs Oswego, IL

How do the cost estimates for Menomonee Falls, WI and Oswego, IL compare?

Oswego, IL has a modeled overall cost index 13.1% higher than Menomonee Falls, WI. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Menomonee Falls, WI, the model estimates $163,647 in Oswego, IL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Menomonee Falls, WI and Oswego, IL?

The modeled two-bedroom rents are $1,640/month in Menomonee Falls, WI and $1,660/month in Oswego, IL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Wisconsin and Illinois on TaxTakeHome.com

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