Cost of Living: Madison, GA vs Hoover, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Hoover |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $Data is updating | $321,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1565 | $1360 |
Housing Comparison: Madison vs Hoover
- The median home price in Hoover is higher at $321,000, compared to $0 in Madison.
- Renting a two-bedroom apartment costs more in Madison at $1,500 than in Hoover at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Hoover |
|---|---|---|
| Electricity Price | $15.53 | $15.03 |
| Natural Gas Price | $27.53 | $21.76 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Hoover
- Electricity costs are higher in Madison at $15.53 per kWh, compared to $15.03 in Hoover.
- Natural gas is more expensive in Madison at $27.53 per unit, while it is cheaper at $21.76 in Hoover.
- Utility expenses are equal in both Madison and Hoover averaging $250.