Housing costs in Madison?
A typical home costs
$225,500, which is 33.3% less expensive than the national average of
$338,100 and 15.9% less expensive than the average South Dakota home, at
$268,000. Renting a two-bedroom unit in Madison costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 11.0% cheaper than the state average of
$910.
Can I afford Madison?
To live comfortably in Madison, South Dakota, a minimum annual income of
$43,200 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Madison?
Madison, SD is an affordable place to live with a low cost of living. The overall cost of living in Madison is 12% lower than the national average, and the median home price is around $125,000. Grocery prices in Madison are also 7% lower than the national average. With its low crime rate and excellent school system, Madison offers many benefits and advantages to those who live there. Tax rates in Madison are below the national average, making it attractive for those looking for a budget-friendly place to call home.