Housing costs in Madera?
A typical home costs
$384,000, which is 13.6% more expensive than the national average of
$338,100 and 47.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Madera costs
$1,260 per month, which is 11.9% cheaper than the national average of
$1,430 and 70.6% cheaper than the state average of
$2,150.
Can I afford Madera?
To live comfortably in Madera Califor Metro Area, California, a minimum annual income of
$73,440 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Madera?
The cost of living in Madera, CA Metro Area is slightly higher than the US national average. According to the most recent figures, the Cost of Living index in Madera is 103.4, which is 3.4 points higher than the US average of 100. This means that goods and services may be slightly more expensive in Madera than they would be elsewhere in the country. However, this higher cost of living is balanced by a much higher median house value; while the US average House Value is $338,100, the median house value in Madera's metro area is $384000.