Cost of Living: Madison, NC vs Buffalo, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Buffalo |
|---|---|---|
| Housing Index | 90.0 | 125.4 |
| Median Home Price | $205,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1280 | $1900 |
Housing Comparison: Madison vs Buffalo
- In Madison, the median home price is higher at $205,000, while in Buffalo it is $155,000.
- In Buffalo, the rental for a two-bedroom apartment stands at $1,800, 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 | Buffalo |
|---|---|---|
| Electricity Price | $13.72 | $26.08 |
| Natural Gas Price | $Data is updating | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Buffalo
- Buffalo has higher electricity costs at $26.08 per kWh, versus $13.72 in Madison.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Madison and Buffalo averaging $250.