Housing costs in Madison?
A typical home costs
$188,100, which is 44.4% less expensive than the national average of
$338,100 and 15.1% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Madison costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$980.
Can I afford Madison?
To live comfortably in Madison Indi Metro Area, Indiana, a minimum annual income of
$36,000 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in the Madison, IN Metro Area is lower than the US average. According to data, the Cost of Living in Madison, IN Metro Area is 76.5 while the US average Cost of Living is 100. This indicates that goods and services are more affordable in Madison compared to other parts of the country. Furthermore, with a median house value of $188,100 (compared to the US average of $338,100), it shows that purchasing a home will be much more affordable in this area than many other parts of the country. Overall, individuals and families looking for a lower cost of living would benefit from living in the Madison area.