CostByCity

Cost of Living in Madison, WI

2024 data from the Bureau of Economic Analysis

Cost Index
97.3
2.7% below avg
Housing Index
99.7
Median Income
$82,996
Median Rent
$1,228/mo

Cost Breakdown

Overall97.3 (-2.7%)
Housing99.7 (-0.3%)
Goods93.8 (-6.2%)
Utilities89.8 (-10.2%)
Other Services99.4 (-0.6%)

National average = 100

Income & Housing

Median Household Income
$82,996/year
Median Home Value
$320,700
Median Monthly Rent
$1,228/mo
Per Capita Income
$47,694/year

Compare Madison, WI With

Madison, WI vs Panama City, FLMadison, WI vs St. George, UTMadison, WI vs Charlotte, NCMadison, WI vs Lakeland, FLMadison, WI vs Dover, DEMadison, WI vs Reading, PAMadison, WI vs Rochester, NYMadison, WI vs Crestview, FLMadison, WI vs Longview, WAMadison, WI vs Durham, NC

Frequently Asked Questions

Is Madison, WI expensive to live in?
Madison, WI has a cost of living index of 97.3, which is 2.7% below the national average.
How much does housing cost in Madison, WI?
Housing costs in Madison, WI are indexed at 99.7 compared to the national average of 100. The median monthly rent is $1,228.
What is the average income in Madison, WI?
The median household income in Madison, WI is $82,996 per year.
What is the average home price in Madison, WI?
The median home value in Madison, WI is $320,700.