Madison, MS Cost Of Living

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Updated: 2020-03-08
Madison's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Madison is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Madison, MS?

According to the most recent data on the cost of living, Madison has an overall cost of living index of 107 which is 1.1x higher than the national index of 100.

Compared to only Mississippi, Madison has a cost of living index that's 1.3x higher than Mississippi's index of 84.

The standard of living in Madison ranks as #3874 most affordable out of the 6522 places we measured in Mississippi. By definition, that implies Madison ranks as the #2532 most expensive place in the Magnolia State.

For more reading on life in Madison, check out:

Madison Cost Of Living Vs. Mississippi

Living Expense Madison Mississippi National Average
Overall 107 84 100
Services 95 94 100
Groceries 89 94 100
Health 89 91 100
Housing 139 63 100
Transportation 87 90 100
Utilities 104 95 100
For more reading on cost of living around Mississippi, check out:
Madison Cost of Living Vs. MS

Madison, MS Housing Cost Breakdown

Housing swings affordability the most between places in Mississippi, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Madison Mississippi United States
Median Home Value $255,000 $114,500 $204,900
Median Rent $1,557 $762 $1,023
Median Income $106,849 $43,567 $60,293
Home Value To Income 2.4x 2.6x 3.4x
Rent To Monthly Income 0.17x 0.21x 0.2x

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Cost Of Living In Cities Around Madison

City Population Cost Of Living Vs. Madison
Jackson, MS 168,862 83 0.8x
Pearl, MS 26,508 86 0.8x
Clinton, MS 25,456 92 0.9x
Ridgeland, MS 24,265 95 0.9x
Brandon, MS 23,688 94 0.9x
Canton, MS 12,330 87 0.8x
Flowood, MS 8,870 95 0.9x
Richland, MS 7,185 87 0.8x

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