Madison, SD, presents a cost of living index slightly below the nationwide average of 100. The overall index for Madison stands at 88, reflecting lower costs in housing, transportation, and miscellaneous expenses. This indicates that residents in Madison can expect to spend about 12% less overall compared to the national average.
Breaking it down, Madison's housing costs are 15% below the average, while transportation costs are 20% lower. Despite higher healthcare costs at 98, the overall lower expenses make Madison an attractive location for those seeking affordability without major sacrifices.
Madison, South Dakota, offers a cost of living that is generally lower than the nationwide average. The housing index in Madison is 85, which means it costs 15% less than the national average. People looking to buy or rent a home may find more affordable options compared to other areas in the country.
Madison also scores lower in transportation costs, with an index of 80. This represents a 20% reduction from the national average, making it cheaper for residents to get around. Groceries, utilities, and healthcare are also slightly below the national average, with indices of 90, 95, and 98, respectively. These figures indicate savings of 10% for groceries, 5% for utilities, and a minimal 2% difference for healthcare. Overall, Madison presents a cost of living that is about 9% less than the nationwide average, offering potential savings for those considering relocating or settling in the area.
