Madison, SD Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-08
87
Madison's Overall Cost Of Living
0.9x
Lower Than The National Average
5 out of 19
In South Dakota
1,101 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, 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.

For more reading on life in Madison, check out:

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
For more reading on cost of living around South Dakota, check out:
Madison Cost of Living Vs. SD

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.

$124,300
Median Home Value
$664
Median Rent
$54,861
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

6
/10
Overall SnackAbility
Jobs
8/10
Housing
5
Affordability
8.5
Diversity
5
Safety
8.5
Amenities
8
Education
8
Commute
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

Articles About South Dakota

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