Cost of Living: New iberia, LA vs Madison, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | New iberia | Madison |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $155,000 | $281,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: New iberia vs Madison
- The median home price in Madison is higher at $281,000, compared to $155,000 in New iberia.
- The rent for a two-bedroom apartment is equal in both New iberia and Madison at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | New iberia | Madison |
|---|---|---|
| Electricity Price | $11.42 | $13.42 |
| Natural Gas Price | $19.48 | $22.19 |
| Other Utilities | $250 | $250 |
Utilities Comparison: New iberia vs Madison
- Madison has higher electricity costs at $13.42 per kWh, versus $11.42 in New iberia.
- Madison experiences higher natural gas costs at $22.19 per unit, with costs at $19.48 in New iberia.
- Utility expenses are equal in both New iberia and Madison averaging $250.