Housing costs in Madison?
A typical home costs
$338,300, which is 0.1% more expensive than the national average of
$338,100 and 1.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Madison costs
$960 per month, which is 32.9% cheaper than the national average of
$1,430 and 45.8% cheaper than the state average of
$1,400.
Can I afford Madison?
To live comfortably in Madison (zip 22727), Virginia, a minimum annual income of
$64,800 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 22727 Madison, VA is quite reasonable compared to other cities in the area. The median home value for this area is $285,250 which is slightly higher than the national average of $228,200, but still affordable for many. The median rent price is $1,000 which is also very reasonable and lower than the national average of $1,480. Although the cost of utilities in this area can be slightly higher than surrounding areas, overall the cost of living in 22727 Madison, VA is quite affordable.