Cost of Living: Madison, MS vs Cornelius, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Cornelius |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $281,000 | $377,500 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1840 |
Housing Comparison: Madison vs Cornelius
- The median home price in Cornelius is higher at $377,500, compared to $281,000 in Madison.
- In Cornelius, the rental for a two-bedroom apartment stands at $1,800, while it is $1,200 in Madison.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Cornelius |
|---|---|---|
| Electricity Price | $13.42 | $13.72 |
| Natural Gas Price | $22.19 | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Cornelius
- Cornelius has higher electricity costs at $13.72 per kWh, versus $13.42 in Madison.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Madison and Cornelius averaging $250.