Housing costs in Madison?
A typical home costs
$362,700, which is 7.3% more expensive than the national average of
$338,100 and 48.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 21.4% more than the state average of
$1,030.
Can I afford Madison?
To live comfortably in Madison Wiscon Metro Area, Wisconsin, a minimum annual income of
$69,480 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, WI Metro Area is 100.4, which is slightly higher than the US average of 100. This means that residents in Madison may experience a slightly higher cost of living than other cities in the US. For example, the median house value in Madison is $362,700 while the US average is $338,100. This shows that homes here are more expensive than the national average. Despite this fact, Madison offers a desirable quality of life with plenty of job opportunities and recreational activities to enjoy.