Housing costs in Madison?
A typical home costs
$117,800, which is 65.2% less expensive than the national average of
$338,100 and 15.7% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Madison costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 6.2% cheaper than the state average of
$860.
Can I afford Madison?
To live comfortably in Madison, West Virginia, a minimum annual income of
$22,680 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Madison?
Madison, WV is a great place to live with an affordable cost of living. According to the Cost of Living Index (COLI) by Best Places, Madison has an index score of 82.3 which is lower than the U.S. average of 100. Groceries and housing make up the largest portion of living expenses in Madison. For groceries, the average price for a marketbasket of goods is about $35, while monthly rent for a one-bedroom apartment averages at around $550. Other costs such as utilities and transportation are also relatively low compared to other cities in the US, making it an attractive option for people looking for a more economical lifestyle.