Housing costs in Madison?
A typical home costs
$356,000, which is 5.3% more expensive than the national average of
$338,100 and 66.4% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Madison costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 24.2% more than the state average of
$940.
Can I afford Madison?
To live comfortably in Madison, Alabama, a minimum annual income of
$68,040 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about Madison?
Madison, AL has an overall below average cost of living with taxes particularly lower than most other towns and cities in Alabama while utility costs remain consistently affordable making it a great destination for those who want to stay within a budget but still enjoy the quality of life amenities located nearby.