Cost of Living: Madison, NC vs Philadelphia, PA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Philadelphia |
|---|---|---|
| Housing Index | 90.0 | 120.0 |
| Median Home Price | $205,000 | $285,000 |
| Average Rent (2 BR Apartment) | $1200 | $2100 |
| Average Rent (2 BR House) | $1280 | $2150 |
Housing Comparison: Madison vs Philadelphia
- The median home price in Philadelphia is higher at $285,000, compared to $205,000 in Madison.
- In Philadelphia, the rental for a two-bedroom apartment stands at $2,100, 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 | Philadelphia |
|---|---|---|
| Electricity Price | $13.72 | $17.68 |
| Natural Gas Price | $Data is updating | $17.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Philadelphia
- Philadelphia has higher electricity costs at $17.68 per kWh, versus $13.72 in Madison.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Madison and Philadelphia averaging $250.