Madison, SD Cost Of Living
Madison's Overall Cost Of Living
Lower Than The National Average
In South Dakota
In America
What is the cost of living in Madison, SD?
According to the most recent data on the cost of living, Madison has an overall cost of living index of 87 which is 0.9x lower than the national index of 100.
Compared to only South Dakota, Madison has a cost of living index that's 1.0x lower than South Dakota's index of 91.
The standard of living in Madison ranks as #1,101 most affordable out of the 6,418 places we measured in South Dakota. By definition, that implies Madison ranks as the #5,317 most expensive place in the Mount Rushmore State.
Madison Cost Of Living Vs. South Dakota
| Living Expense | Madison | South Dakota | National Average | |
|---|---|---|---|---|
| Overall | 87 | 91 | 100 | |
| Services | 96 | 94 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 121 | 96 | 100 | |
| Housing | 59 | 79 | 100 | |
| Transportation | 100 | 93 | 100 | |
| Utilities | 98 | 88 | 100 | |
Madison, SD Housing Cost Breakdown
Housing swings affordability the most between places in South Dakota, 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 | South Dakota | United States |
|---|---|---|---|
| Median Home Value | $124,300 | $174,600 | $229,800 |
| Median Rent | $664 | $761 | $1,096 |
| Median Income | $54,861 | $59,896 | $64,994 |
| Home Value To Income | 2.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.15x | 0.2x |
Detailed Madison Services Costs Vs. South Dakota
| Item | Madison | South Dakota |
|---|---|---|
| Shampoo | $0.92 | $1.06 |
| Movie | $8.83 | $10.68 |
| Bowling | $9.17 | $14.67 |
Detailed Madison Groceries Costs Vs. South Dakota
| Item | Madison | South Dakota |
|---|---|---|
| Ground Beef | $4.86 | $4.22 |
| Fried Chicken | $1.64 | $1.39 |
| Milk | $2.14 | $2.05 |
Detailed Madison Health Costs Vs. South Dakota
| Item | Madison | South Dakota |
|---|---|---|
| Haircut | $21.16 | $18.62 |
| Beauty Salon | $30.55 | $39.05 |
| Toothpaste | $2.27 | $2.34 |
Detailed Madison Transportation Costs Vs. South Dakota
| Item | Madison | South Dakota |
|---|---|---|
| Potatoes | $3.84 | $3.29 |
| Pizza | $11.66 | $10.62 |
| Beer | $8.98 | $9.38 |
| Optometrist | $125.17 | $108.57 |
| Doctor | $204.33 | $116.17 |
| Dentist | $101.0 | $99.13 |
Detailed Madison Utilities Costs Vs. South Dakota
| Item | Madison | South Dakota |
|---|---|---|
| Gasoline | $2.2 | $2.22 |
| Tire Balancing | $47.72 | $50.07 |
| All Electricity | $157.58 | $167.67 |
| Phone | $182.1 | $175.64 |
Madison SnackAbility
/10
Cost Of Living In Cities Around Madison
| City | Population | Cost Of Living | Vs. Madison |
|---|---|---|---|
| Sioux Falls, SD | 180,927 | 95 | 1.1x |
| Brookings, SD | 24,479 | 93 | 1.1x |
| Mitchell, SD | 15,599 | 85 | 1.0x |
| Brandon, SD | 10,030 | 98 | 1.1x |
| Harrisburg, SD | 6,420 | 98 | 1.1x |
| Tea, SD | 5,714 | 98 | 1.1x |
