Housing costs in Madison?
A typical home costs
$325,500, which is 3.7% less expensive than the national average of
$338,100 and 5.2% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Madison costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 50.5% cheaper than the state average of
$1,400.
Can I afford Madison?
To live comfortably in Madison, Virginia, a minimum annual income of
$62,280 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Madison?
Living in Madison, VA is known for being quite affordable. The cost of living index shows that the cost of living is 8% lower than the national average. This means that housing costs, groceries, health care and other necessities are lower than most places in the country. Furthermore, with an unemployment rate of only 3.8%, finding a job is not too difficult. All these factors make Madison, VA an attractive place to live for those looking for an affordable life-style.