Housing costs in Madison?
A typical home costs
$151,400, which is 55.2% less expensive than the national average of
$338,100 and 33.6% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Madison costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 7.8% cheaper than the state average of
$970.
Can I afford Madison?
To live comfortably in Madison, Nebraska, a minimum annual income of
$29,160 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Madison?
Madison, NE is an affordable city in which to live. According to BestPlaces, the cost of living index for Madison is 74.41, which is significantly lower than the U.S. average of 100. The estimated monthly cost of living for an individual in Madison is $1,171. The estimated monthly costs for a family of four with two children are $3,534. Housing costs in Madison are relatively low with a median home price of $112,800 and rent for a one-bedroom apartment averaging around $556 per month. Food prices are also quite reasonable with basic groceries costing approximately $308 per month and dining out running about $291 per month on average. All these factors make it possible to easily live within your means while residing in Madison, NE.