Madison, SD, exhibits a cost of living index below the nationwide average of 100. The city’s overall index stands at 88.33, indicating that residents can expect living expenses to be about 11.67% lower than in the average U.S. location. This includes housing, groceries, utilities, transportation, healthcare, and miscellaneous costs all falling slightly below the national norm.
Madison, SD, presents a cost of living that is notably lower than the nationwide average, which is set at 100 for comparison purposes. The housing index for Madison is 85, indicating that residents can expect to pay about 15% less for housing compared to the national average. This reduced cost makes Madison an attractive option for job seekers looking to secure more affordable housing without sacrificing much on living standards.
In addition to housing, other categories also reflect a lower cost of living in Madison. For instance, groceries cost about 90, suggesting a 10% savings compared to the national average. Utilities, with an index of 95, are only 5% above average, and transportation at 88 is 12% lower. Healthcare, at 92, is slightly above average but still manageable at just 8% higher. Miscellaneous costs, at 84, indicate a 16% reduction, providing further financial relief. Overall, Madison offers a more budget-friendly lifestyle in multiple essential areas.
