Housing costs in Madison?
A typical home costs
$440,800, which is 30.4% more expensive than the national average of
$338,100 and 80.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,410 per month, which is 36.9% more than the national average of
$1,030 and 7.1% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53705), Wisconsin, a minimum annual income of
$84,600 for a family, and
$48,400 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in Madison, WI 53705 is relatively affordable. The median household income is $77,051 and the median home value is $265,000. Overall, groceries, health care costs, and transportation expenses are slightly above the national average while housing costs are lower than average. Utility bills tend to be slightly higher due to Wisconsin's cold winter temperatures. Overall, Madison offers an affordable cost of living for those looking to relocate or start a business in the area.