Madison, SD, offers a cost of living below the nationwide average. The cost of living index in Madison stands at 88, which is 12% lower than the national benchmark of 100. Each major category, including housing, groceries, utilities, transportation, healthcare, and miscellaneous items, also shows a modest increase or decrease relative to the national average, making Madison an affordable place to live.
Madison, SD, presents a cost of living that is notably lower than the nationwide average, which is set at 100. Specifically, the housing index in Madison stands at 81, indicating that residents can expect to spend about 19% less on housing compared to the national benchmark. This lower cost in housing makes Madison an attractive option for individuals looking to minimize their living expenses.
Furthermore, Madison's groceries index is at 90, which means that grocery expenses are just 10% below the national average. Utilities in Madison, with an index of 92, are slightly above the average, suggesting minimal additional costs in this area. Transportation costs, with an index of 95, are 5% above the national average, which is a slight increase for those who rely on personal vehicles. Healthcare, with an index of 88, indicates that residents spend about 12% less than the national average. Lastly, miscellaneous costs, set at an index of 85, show that these additional expenses are 15% lower in Madison. Overall, Madison, SD offers a cost of living that is competitively lower in most major categories, making it an appealing choice for budget-conscious individuals and families.
