Madison, NJ, has a higher cost of living compared to the nationwide average. The cost of living index in Madison stands at 115, which is 15% above the national average of 100. This increase is largely driven by higher housing costs, which are 26% above the average. Other categories like groceries, healthcare, and miscellaneous expenses also exceed the national average, making Madison a more expensive place to live.
Madison, NJ, has a higher cost of living compared to the nationwide average, which is set at 100. The housing index in Madison stands at 126, indicating that housing costs are 26% higher than the national average. This higher cost can significantly impact potential residents' budgets, especially for those looking to buy or rent a home.
Madison's grocery costs also exceed the national average, with an index of 110. This means groceries are 10% more expensive than the average American city. Additionally, the transportation index is at 105, showing a 5% increase in transportation costs. Healthcare costs in Madison are 20% higher than the national average, with an index of 120. Utilities, however, are slightly below the national average at 95, offering a small relief in expenses. Overall, Madison's cost of living is notably higher in key areas, making it important for job seekers to consider these factors when planning their move.
