Housing costs in Madison?
A typical home costs
$158,900, which is 53.0% less expensive than the national average of
$338,100 and 30.3% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Madison costs
$890 per month, which is 8.2% cheaper than the national average of
$970 and close to the state average of
$900.
Can I afford Madison?
To live comfortably in Madison (zip 68748), Nebraska, a minimum annual income of
$30,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 68748 Madison, NE is overall fairly affordable. Groceries, housing, healthcare and other basic necessities are all reasonably priced compared to the national average. As of April 2020, the median home value in Madison was $130,500, lower than the state's median home value of $153,300, while the median rent was slightly higher at $753 per month compared to the state's average of $717. Prices for groceries and other goods have remained relatively stable over recent years as well. Healthcare prices are also quite reasonable in this area; according to the BestPlaces Bureau's American Community Survey 5-Year Estimates (2014-2018), Madison boasts a health care costs index below 100, indicating that it is cheaper than the national average. All in all, Madison is an affordable place to live with many amenities available nearby.