Housing costs in Madison?
A typical home costs
$164,400, which is 51.4% less expensive than the national average of
$338,100 and 32.0% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Madison costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 26.0% cheaper than the state average of
$1,260.
Can I afford Madison?
To live comfortably in Madison Illin County, Illinois, a minimum annual income of
$31,680 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Madison?
Living in Madison, IL County is quite affordable compared to the national average. The median house value in Madison County is significantly lower than the US average of $338,100 at $164,400, and the cost of living is even lower at 82.5 compared to the US average of 100. This makes Madison a great option for those looking to live more frugally while still having access to all the amenities of city life.