Cost of Living: Madison, MS vs Federal way, WA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Federal way |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $281,000 | $566,500 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2240 |
Housing Comparison: Madison vs Federal way
- The median home price in Federal way is higher at $566,500, compared to $281,000 in Madison.
- In Federal way, the rental for a two-bedroom apartment stands at $2,200, 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 | Federal way |
|---|---|---|
| Electricity Price | $13.42 | $12.34 |
| Natural Gas Price | $22.19 | $18.14 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Federal way
- Electricity costs are higher in Madison at $13.42 per kWh, compared to $12.34 in Federal way.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $18.14 in Federal way.
- Utility expenses are equal in both Madison and Federal way averaging $250.