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.
|Living Expense||Madison||Mississippi||National Average|
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.