Housing costs in Madison?
A typical home costs
$560,900, which is 65.9% more expensive than the national average of
$338,100 and 54.9% more expensive than the average Connecticut home, at
$362,100. Renting a two-bedroom unit in Madison costs
$2,020 per month, which is 41.3% more than the national average of
$1,430 and 17.8% more than the state average of
$1,660.
Can I afford Madison?
To live comfortably in Madison (zip 06443), Connecticut, a minimum annual income of
$107,640 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 06443 Madison, CT is relatively high compared to other parts of the U.S. The median home value is around $365,600 which is higher than the national average. The median household income is also higher than the rest of the country at about $81,577 per year. Groceries, transportation, and healthcare all tend to be more expensive in 06443 Madison, CT as well. Although living expenses may be higher in this area, there are many benefits to this community such as access to quality education and a variety of recreational activities.