Cost of Living: Madison, MS vs Earlham, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Earlham |
|---|---|---|
| Housing Index | 110.0 | 89.7 |
| Median Home Price | $281,000 | $215,000 |
| Average Rent (2 BR Apartment) | $1200 | $1100 |
| Average Rent (2 BR House) | $1280 | $1200 |
Housing Comparison: Madison vs Earlham
- In Madison, the median home price is higher at $281,000, while in Earlham it is $215,000.
- Renting a two-bedroom apartment costs more in Madison at $1,200 than in Earlham at $1,100.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Earlham |
|---|---|---|
| Electricity Price | $13.42 | $14.82 |
| Natural Gas Price | $22.19 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Earlham
- Earlham has higher electricity costs at $14.82 per kWh, versus $13.42 in Madison.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $15.61 in Earlham.
- Utility expenses are equal in both Madison and Earlham averaging $250.