Cost of Living: Madison, MS vs Gulf shores, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Gulf shores |
|---|---|---|
| Housing Index | 110.0 | 90.0 |
| Median Home Price | $281,000 | $530,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Madison vs Gulf shores
- The median home price in Gulf shores is higher at $530,000, compared to $281,000 in Madison.
- The rent for a two-bedroom apartment is equal in both Madison and Gulf shores 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 | Gulf shores |
|---|---|---|
| Electricity Price | $13.42 | $15.03 |
| Natural Gas Price | $22.19 | $21.76 |
| Other Utilities | $250 | $150 |
Utilities Comparison: Madison vs Gulf shores
- Gulf shores has higher electricity costs at $15.03 per kWh, versus $13.42 in Madison.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $21.76 in Gulf shores.
- Other utility costs are higher in Madison at an average of $250, compared to Gulf shores with $150.