Housing costs in Madison?
A typical home costs
$363,900, which is 7.6% more expensive than the national average of
$338,100 and 134.3% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Madison costs
$1,580 per month, which is 10.5% more than the national average of
$1,430 and 43.7% more than the state average of
$890.
Can I afford Madison?
To live comfortably in Madison, Mississippi, a minimum annual income of
$69,840 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Madison?
Madison, MS is known for its affordable cost of living. The city's housing costs are 15% lower than the U.S. average, and overall living expenses in Madison are about 8% lower than the national average. This makes Madison an attractive option for families and individuals who want to live in a safe community without breaking the bank. Additionally, Mississippi has no state income tax or estate tax, which further reduces the cost of living in Madison for those who work and earn money within the state.