Cost of Living: Bolivar, TN vs Madison, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Bolivar | Madison |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $173,000 | $281,000 |
| Average Rent (2 BR Apartment) | $1000 | $1200 |
| Average Rent (2 BR House) | $1024 | $1280 |
Housing Comparison: Bolivar vs Madison
- The median home price in Madison is higher at $281,000, compared to $173,000 in Bolivar.
- In Madison, the rental for a two-bedroom apartment stands at $1,200, while it is $1,000 in Bolivar.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Bolivar | Madison |
|---|---|---|
| Electricity Price | $12.57 | $13.42 |
| Natural Gas Price | $12.35 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Bolivar vs Madison
- Madison has higher electricity costs at $13.42 per kWh, versus $12.57 in Bolivar.
- Madison experiences higher natural gas costs at $22.19 per unit, with costs at $12.35 in Bolivar.
- Utility expenses are equal in both Bolivar and Madison averaging $250.