Housing costs in New Madison?
A typical home costs
$165,400, which is 51.1% less expensive than the national average of
$338,100 and 16.0% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Madison costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 21.0% cheaper than the state average of
$980.
Can I afford New Madison?
To live comfortably in New Madison, Ohio, a minimum annual income of
$31,680 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about New Madison?
The cost of living in New Madison, OH is quite affordable compared to many other cities across the United States. The median home price in the area is around $88,000, which is significantly lower than the national median home price of $184,700. Additionally, the cost of utilities and groceries are also below the national averages. With a low unemployment rate and a growing job market, New Madison is an ideal place for those looking for an affordable place to live that still offers plenty of opportunity.