Housing costs in Madrid?
A typical home costs
$136,900, which is 59.5% less expensive than the national average of
$338,100 and 66.9% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Madrid costs
$920 per month, which is 35.7% more than the national average of
$1,430 and 113.0% more than the state average of
$1,960.
Can I afford Madrid?
To live comfortably in Madrid, New York, a minimum annual income of
$26,280 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Madrid?
The cost of living in Madrid, NY is relatively affordable compared to other cities in the US. The city has a median home cost of just over $80,000 and a median rent of around $700 per month. This means that the average individual can live comfortably without breaking the bank. Utilities are also quite affordable at around $150 per month for basic services. The overall cost of living in Madrid is very reasonable, making it an excellent option for those looking to relocate or start a business in the area.