Madison, MS Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
107
Madison's Overall Cost Of Living
1.1x
Higher Than The National Average
69 out of 69
In Mississippi
3,867 out of 6,412
In America
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 82.

The standard of living in Madison ranks as #3,868 most affordable out of the 6,418 places we measured in Mississippi. By definition, that implies Madison ranks as the #2,551 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 82 100
Services 97 95 100
Groceries 90 94 100
Health 90 90 100
Housing 140 64 100
Transportation 88 89 100
Utilities 102 97 100
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.

$271,100
Median Home Value
$1,566
Median Rent
$119,855
Median Income
Statistic Madison Mississippi United States
Median Home Value $271,100 $125,500 $229,800
Median Rent $1,566 $789 $1,096
Median Income $119,855 $46,511 $64,994
Home Value To Income 2.3x 2.7x 3.5x
Rent To Monthly Income 0.16x 0.2x 0.2x

Detailed Madison Services Costs Vs. Mississippi

Item Madison Mississippi
Shampoo $0.76 $1.06
Movie $9.08 $10.68
Bowling $7.08 $14.67

Detailed Madison Groceries Costs Vs. Mississippi

Item Madison Mississippi
Ground Beef $5.35 $4.22
Fried Chicken $1.05 $1.39
Milk $1.78 $2.05

Detailed Madison Health Costs Vs. Mississippi

Item Madison Mississippi
Haircut $13.32 $18.62
Beauty Salon $23.38 $39.05
Toothpaste $3.06 $2.34

Detailed Madison Transportation Costs Vs. Mississippi

Item Madison Mississippi
Potatoes $2.36 $3.29
Pizza $9.32 $10.62
Beer $9.72 $9.38
Optometrist $83.0 $108.57
Doctor $90.5 $116.17
Dentist $86.63 $99.13

Detailed Madison Utilities Costs Vs. Mississippi

Item Madison Mississippi
Gasoline $2.01 $2.22
Tire Balancing $37.66 $50.07
All Electricity $122.36 $167.67
Phone $40.59 $175.64

Madison SnackAbility

7.5
/10
Overall SnackAbility
Jobs
9/10
Housing
9
Affordability
8.5
Diversity
8
Safety
N/A
Amenities
8
Education
9.5
Commute
8

Cost Of Living In Cities Around Madison

City Population Cost Of Living Vs. Madison
Jackson, MS 163,778 83 0.8x
Pearl, MS 26,462 88 0.8x
Clinton, MS 24,797 93 0.9x
Ridgeland, MS 24,194 95 0.9x
Brandon, MS 24,088 95 0.9x
Canton, MS 11,943 88 0.8x
Flowood, MS 9,213 94 0.9x
Richland, MS 7,203 89 0.8x

Articles About Mississippi

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