Housing costs in Madison?
A typical home costs
$157,300, which is 53.5% less expensive than the national average of
$338,100 and 29.0% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Madison costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Madison?
To live comfortably in Madison Indi County, Indiana, a minimum annual income of
$30,240 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, IN County is significantly lower than the US average. At 78.9 on the index, the cost of living in Madison is 21.1 points below the national average of 100. This means that life in Madison is much more affordable when compared to other places in the country, and residents can enjoy a higher quality of life for a fraction of the price. A great example of this affordability can be seen in the median house value, which comes in at $157,300 - almost half of the US average median house value of $338,100.