Housing costs in Madison?
A typical home costs
$191,400, which is 43.4% less expensive than the national average of
$338,100 and 53.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Madison costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 76.6% cheaper than the state average of
$1,960.
Can I afford Madison?
To live comfortably in Madison New Y County, New York, a minimum annual income of
$36,720 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, NY County is 84.7, which is significantly lower than the US average cost of living of 100. This lower cost of living can be attributed to the lower median house value of $191,400 compared to the US average House Value of $338,100. People who live in Madison, NY County benefit from a comparatively affordable housing market and lower overall cost of living expenses.