Housing costs in Madison?
A typical home costs
$250,700, which is 25.9% less expensive than the national average of
$338,100 and 27.3% more expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Madison costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 15.5% more than the state average of
$980.
Can I afford Madison?
To live comfortably in Madison O County, Ohio, a minimum annual income of
$47,880 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, OH County is significantly lower than the national average. According to data from the US average Cost of Living index, Madison's cost of living index is 88.2, which is 11.8 points lower than the national average of 100. This difference means that residents of Madison have more buying power for items such as groceries, housing, transportation and entertainment compared to those living elsewhere in the country. Despite this low cost of living index score, however, the median house value in Madison County still remains high at $250700 - only slightly below the national average house value of $338100.