Housing costs in Madison?
A typical home costs
$433,600, which is 28.2% more expensive than the national average of
$338,100 and 77.6% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,500 per month, which is 45.6% more than the national average of
$1,030 and 12.7% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53717), Wisconsin, a minimum annual income of
$83,160 for a family, and
$51,600 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 53717 Madison, WI is relatively high compared to other areas of the country. According to a study conducted by Sperling's Best Places, the cost of living index for this zip code is 115, which is 15% higher than the US average of 100. The housing costs are much higher in this area due to its popularity as a college town; the median home price is $265,000 and rent for a one-bedroom apartment averages around $1,257 per month. Other expenses such as food, transportation, and healthcare tend to be slightly above average here as well. In short, it can be more expensive than many other parts of the country to live in 53717 Madison, WI but its vibrant cultural scene and access to jobs make it worth it for many people.