Housing costs in Madison?
A typical home costs
$196,300, which is 41.9% less expensive than the national average of
$338,100 and 11.4% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Madison costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 12.6% cheaper than the state average of
$980.
Can I afford Madison?
To live comfortably in Madison (zip 47250), Indiana, a minimum annual income of
$37,440 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 47250 Madison, IN is quite reasonable. According to BestPlaces, the cost-of-living index for this area is 79 out of 100, which is 8% lower than the US average. The median home price is $65,100 and the median rent stands at $735 per month. Groceries are relatively inexpensive, as well as transportation costs due to its proximity to major highways and airports. Utility costs are slightly below the national average. In general, 47250 Madison offers a comfortable lifestyle at an affordable cost.