Housing costs in Madison?
A typical home costs
$147,600, which is 56.3% less expensive than the national average of
$338,100 and 30.5% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Madison costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 25.0% cheaper than the state average of
$950.
Can I afford Madison?
To live comfortably in Madison, Missouri, a minimum annual income of
$28,440 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Madison?
Madison, MO has a relatively low cost of living compared to the national average. The median home value is $93,000, which is much lower than the national median home value of $219,700. Furthermore, the cost of utilities and groceries is also lower than the national averages. Overall, this makes Madison an attractive destination for those looking to save money while still living comfortably.