Housing costs in Madison?
A typical home costs
$246,000, which is 27.2% less expensive than the national average of
$338,100 and 36.6% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Madison costs
$1,020 per month, which is 37.0% cheaper than the national average of
$1,620 and 2.9% more than the state average of
$990.
Can I afford Madison?
To live comfortably in Madison (zip 21648), Maryland, a minimum annual income of
$47,160 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, MD (21648) is slightly higher than the US average. According to the U.S Census Bureau, the median household income is $62,764 and the median home value is $239,900. The cost of a one-bedroom apartment in Madison ranges from about $875 to $1,400 per month and utility costs are also slightly higher than the national average. Groceries and other goods are not too expensive here either, making it an overall great place to live if you can afford it!