Cost of Living in Madera, CA
Housing
The housing market plays a significant role in determining the cost of living in Madera, CA.
- Housing Index: 110.5 / 100
- Median Home Price is: $434,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1830 per month
Considering a move to Madera, CA? The current housing index of 110.5 denotes a moderately competitive market. With a median home price of 434000, purchasing property may not be budget-friendly for everyone. Additionally, the average rent for a 2-bedroom apartment is around 1800, while renting a 2-bedroom house averages 1830. For potential homeowners, it's worth noting that other costs, like local taxes and utilities, can also impact your decision. Make sure to weigh all factors before deciding to relocate, as these costs can influence your financial stability in the long term.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madera, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Madera, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Madera is a financially viable option for your relocation.