Housing costs in Madison?
A typical home costs
$122,600, which is 63.7% less expensive than the national average of
$338,100 and 60.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Madison costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 67.6% cheaper than the state average of
$1,240.
Can I afford Madison?
To live comfortably in Madison (zip 56256), Minnesota, a minimum annual income of
$23,400 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 56256 Madison, MN is fairly moderate compared to many other parts of the country. Rent for a one-bedroom apartment averages around $800 per month, while a three bedroom goes for about $1000. Groceries and utilities are relatively inexpensive and transportation costs are low due to the availability of public buses. The overall cost of living in 56256 Madison, MN is 9% lower than the national average, making it an attractive place to live for those looking for affordability.