Housing costs in Madison?
A typical home costs
$348,500, which is 3.1% more expensive than the national average of
$338,100 and 124.4% more expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Madison costs
$1,580 per month, which is 77.5% more than the national average of
$890 and 34.8% more than the state average of
$1,030.
Can I afford Madison?
To live comfortably in Madison (zip 39110), Mississippi, a minimum annual income of
$66,600 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 39110 Madison, MS is relatively affordable. According to the Best Places Cost of Living Index, the area has an index rating of 88.1, which is lower than the national average of 100. Additionally, housing costs are especially reasonable in this area with a median home value of $188,400 and the median monthly rent for a two-bedroom apartment at around $1,100 per month. Groceries and transportation costs are also below the national average making Madison an attractive option for those looking to live in Mississippi at an affordable rate.