Housing costs in Madison?
A typical home costs
$293,900, which is 13.1% less expensive than the national average of
$338,100 and 37.3% more expensive than the average Alabama home, at
$214,000. Renting a two-bedroom unit in Madison costs
$1,030 per month, which is 28.0% cheaper than the national average of
$1,430 and 8.7% more than the state average of
$940.
Can I afford Madison?
To live comfortably in Madison Alab County, Alabama, a minimum annual income of
$56,160 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, AL County is very reasonable when compared to the national average. According to data, the median house value in Madison, AL County is $293,900 while the US average is $338,100. In addition, the cost of living in Madison comes in at 94.2 as opposed to 100 for the US overall. This means that people who live in Madison are able to enjoy a high standard of living without having to pay more than they need to for basic necessities and services.