Housing costs in Madison?
A typical home costs
$623,400, which is 84.4% more expensive than the national average of
$338,100 and 155.4% more expensive than the average Wisconsin home, at
$244,100. Renting a two-bedroom unit in Madison costs
$1,540 per month, which is 49.5% more than the national average of
$1,030 and 14.9% more than the state average of
$1,310.
Can I afford Madison?
To live comfortably in Madison (zip 53726), Wisconsin, a minimum annual income of
$119,520 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Madison?
The cost of living in 53726 Madison, WI is relatively high compared to other areas of the US. The median home price in Madison is $246,900 according to Zillow, which is above the national average of $229,700. Prices for basic necessities such as groceries and utilities are also higher than the national average, making it a more expensive place to live. Additionally, the state income tax rate in Wisconsin is slightly higher than the national average. Though Madison may come with a higher cost of living than many other areas of the country, its diverse culture and vibrant community make it an attractive place to live.