Housing costs in Madison?
A typical home costs
$450,700, which is 33.3% more expensive than the national average of
$338,100 and 84.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,640 per month, which is 59.2% more than the national average of
$1,030 and 20.1% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53703), Wisconsin, a minimum annual income of
$86,400 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 53703 Madison, WI is fairly reasonable when compared to other locations in the United States. The median home price for this area is around $300,000, which is lower than the national median of roughly $318,000. Renting a two-bedroom apartment will cost you about $1,200 per month on average. Groceries, healthcare and transportation are all relatively affordable as well. Although there are some more expensive areas within Wisconsin’s capital city, overall the cost of living in 53703 Madison is definitely lower than the national average.