Cost of Living: Carmel, IN vs Madison, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Carmel | Madison |
|---|---|---|
| Housing Index | 120.5 | 115.0 |
| Median Home Price | $396,000 | $332,000 |
| Average Rent (2 BR Apartment) | $1800 | $1800 |
| Average Rent (2 BR House) | $1830 | $1840 |
Housing Comparison: Carmel vs Madison
- In Carmel, the median home price is higher at $396,000, while in Madison it is $332,000.
- The rent for a two-bedroom apartment is equal in both Carmel and Madison at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Carmel | Madison |
|---|---|---|
| Electricity Price | $14.89 | $17.6 |
| Natural Gas Price | $Data is updating | $11.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Carmel vs Madison
- Madison has higher electricity costs at $17.6 per kWh, versus $14.89 in Carmel.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Carmel and Madison averaging $250.