Cost of Living: Madison, MS vs The colony, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | The colony |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $281,000 | $413,000 |
| Average Rent (2 BR Apartment) | $1200 | $1900 |
| Average Rent (2 BR House) | $1280 | $2000 |
Housing Comparison: Madison vs The colony
- The median home price in The colony is higher at $413,000, compared to $281,000 in Madison.
- In The colony, the rental for a two-bedroom apartment stands at $1,900, 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 | The colony |
|---|---|---|
| Electricity Price | $13.42 | $14.47 |
| Natural Gas Price | $22.19 | $26.29 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs The colony
- The colony has higher electricity costs at $14.47 per kWh, versus $13.42 in Madison.
- The colony experiences higher natural gas costs at $26.29 per unit, with costs at $22.19 in Madison.
- Utility expenses are equal in both Madison and The colony averaging $250.