Housing costs in Madison?
A typical home costs
$414,000, which is 22.4% more expensive than the national average of
$338,100 and 69.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,610 per month, which is 56.3% more than the national average of
$1,030 and 18.6% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53706), Wisconsin, a minimum annual income of
$79,200 for a family, and
$55,200 for a single person is recommended.
What does A.I. say about Madison?
53706 Madison, WI has a high cost of living compared to most other cities in the US. It is slightly higher than the national average; housing prices are especially expensive. The median home price in the area is around $262,000 and rental prices can range anywhere from $1,100 to over $2,000 per month. Additionally, groceries and utilities tend to be a bit more expensive than average. Despite the higher cost of living, 53706 Madison is still an attractive destination due to its many amenities such as parks, schools, restaurants and shopping.