Cost of Living: Madison, WI vs Iowa city, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Iowa city |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $332,000 | $305,000 |
| Average Rent (2 BR Apartment) | $1800 | $1350 |
| Average Rent (2 BR House) | $1840 | $1393 |
Housing Comparison: Madison vs Iowa city
- In Madison, the median home price is higher at $332,000, while in Iowa city it is $305,000.
- Renting a two-bedroom apartment costs more in Madison at $1,800 than in Iowa city at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Iowa city |
|---|---|---|
| Electricity Price | $17.6 | $14.82 |
| Natural Gas Price | $11.5 | $15.61 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Iowa city
- Electricity costs are higher in Madison at $17.6 per kWh, compared to $14.82 in Iowa city.
- Iowa city experiences higher natural gas costs at $15.61 per unit, with costs at $11.5 in Madison.
- Utility expenses are equal in both Madison and Iowa city averaging $250.