Housing costs in Madison?
A typical home costs
$541,300, which is 60.1% more expensive than the national average of
$338,100 and 49.5% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Madison costs
$2,020 per month, which is 41.3% more than the national average of
$1,430 and 17.8% more than the state average of
$1,660.
Can I afford Madison?
To live comfortably in Madison, Connecticut, a minimum annual income of
$103,680 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Madison?
Madison, CT is known for its high cost of living. The median home value in Madison is $530,000, significantly higher than the state and national averages. Additionally, the city has a higher than average cost of groceries and transportation, which makes it more expensive to live in than other nearby areas. While some might find this daunting, there are many advantages to living in Madison that can make it worth the extra cost. The city offers great schools, a safe community atmosphere, and access to outdoor activities like hiking and camping nearby. For those willing to pay the price of admission, Madison can be an excellent place to live.