Madison, SD, has a cost of living index that is slightly below the nationwide average. The overall index stands at 90, which is 10% lower than the national average of 100. This means that, on average, residents in Madison can expect to pay less for most goods and services compared to the rest of the country.
Specifically, Madison's housing costs are 15% below the national average, while groceries and healthcare are only 5% below. Utilities and transportation also mirror the national average, with miscellaneous costs also at 15% below. This makes Madison a potentially more affordable place to live for those considering relocation.
Madison, SD, presents a cost of living that is notably lower than the nationwide average. The housing index in Madison stands at 85, which is 15% below the national average of 100. This means that housing costs in Madison are more affordable, offering potential savings for residents. Additionally, groceries in Madison are priced at 95, which is only 5% above the average, indicating that food expenses are relatively close to the national norm.
Madison also shows a favorable cost of living in other areas. Utilities cost 90, which is 10% below the average, providing another area where residents can save. Transportation costs are also at 90, matching the utility cost and offering no extra expense compared to the national average. Healthcare costs in Madison are slightly higher at 95, which is 5% above the average, but still relatively affordable. Miscellaneous expenses are at 85, which is 15% below the average, adding to the overall lower cost of living in Madison. These factors combined make Madison an attractive option for those looking to manage their expenses effectively.
