Housing costs in Madison?
A typical home costs
$350,400, which is 3.6% more expensive than the national average of
$338,100 and 43.5% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,580 per month, which is 53.4% more than the national average of
$1,030 and 17.1% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53718), Wisconsin, a minimum annual income of
$66,960 for a family, and
$54,000 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 53718 Madison, WI is moderately high. According to BestPlaces, the overall cost of living index is 115.88 which is higher than the US average of 100. Housing prices are especially high and rent for a one-bedroom apartment in the city center costs an average of $1,325 while outside of the city center it costs an average of $890. Groceries and transportation are slightly more expensive compared to other cities with the cost of one liter of milk being $0.99 and a single ride on public transport costing $2.00. Overall, it can be said that living in 53718 Madison, WI may require a bit more financial planning due to its higher cost of living.