Cost of Living: Madison, MS vs New roads, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | New roads |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $281,000 | $135,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Madison vs New roads
- In Madison, the median home price is higher at $281,000, while in New roads it is $135,000.
- The rent for a two-bedroom apartment is equal in both Madison and New roads 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 | New roads |
|---|---|---|
| Electricity Price | $13.42 | $11.42 |
| Natural Gas Price | $22.19 | $19.48 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Madison vs New roads
- Electricity costs are higher in Madison at $13.42 per kWh, compared to $11.42 in New roads.
- Natural gas is more expensive in Madison at $22.19 per unit, while it is cheaper at $19.48 in New roads.
- Utility expenses are equal in both Madison and New roads averaging $250.