Cost of Living in Madison, NC
Housing
The housing market plays a significant role in determining the cost of living in Madison, NC.
- Housing Index: 90.0 / 100
- Median Home Price is: $205,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering moving to Madison, NC? With a housing index of 90.0, it presents an attractive option for prospective homeowners and renters alike. The median home price is currently 205000, making home ownership attainable. Additionally, renting a 2-bedroom apartment averages 1200, while a house averages 1280. This balance of affordability and quality of life can enhance your decision-making process. Don’t forget to also evaluate local amenities and community vibe, as these elements greatly influence your living experience in any new city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Madison, NC.
- Electricity Price: $13.72 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Madison, NC could entail higher utility costs. Electricity costs sit at $13.72, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Madison is a financially viable option for your relocation.