Cost of Living: Madison, WI vs Paducah, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Paducah |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $332,000 | $161,000 |
| Average Rent (2 BR Apartment) | $1800 | $800 |
| Average Rent (2 BR House) | $1840 | $1000 |
Housing Comparison: Madison vs Paducah
- In Madison, the median home price is higher at $332,000, while in Paducah it is $161,000.
- In Paducah, the rental for a two-bedroom apartment stands at $800, while it is $1,800 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 | Paducah |
|---|---|---|
| Electricity Price | $17.6 | $12.87 |
| Natural Gas Price | $11.5 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Paducah
- Electricity costs are higher in Madison at $17.6 per kWh, compared to $12.87 in Paducah.
- Paducah experiences higher natural gas costs at $22.78 per unit, with costs at $11.5 in Madison.
- Utility expenses are equal in both Madison and Paducah averaging $250.