Cost of Living in Madrid, NE
Housing
The housing market plays a significant role in determining the cost of living in Madrid, NE.
- Housing Index: Data is updating
- Median Home Price is: $128,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the available data for Madrid, NE, the median home price is remarkably low at 128000. However, the lack of provided values for the housing index and rental prices (0.0 for a 2-bedroom apartment and 0.0 for a house) raises some concerns. This could suggest a potentially stagnant or declining market. Exploring the local job market, amenities, and community factors can assist further in evaluating whether relocating to Madrid is a wise investment.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madrid, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Madrid, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable 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 Madrid is a financially viable option for your relocation.