Cost of Living in Madison, AL
| Cost of Living in Madison, AL | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 7% higher | 33% lower |
| Utilities (Monthly) | 6% lower | 3% higher |
| Food | 2% higher | 5% lower |
| Healthcare | 12% higher | 5% lower |
| Transportation | 24% higher | 35% higher |
| Goods & Services | 12% higher | 7% higher |
The cost of living in Madison, AL is 9% higher than the state average and 4% lower than the national average. Madison, AL housing is 33% cheaper than the U.S average, while utilities are about 3% pricier. When it comes to basic necessities such as food and clothing, groceries are around 5% cheaper in Madison, AL than in the rest of the country, while clothing costs around 7% more .
Healthcare services such as doctor check-ups and dentistry cost 5% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 7% pricier in Madison, AL.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Madison is $1,352, while home prices circle around $376,786.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Madison, energy bills cost around $232.81 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $3.39 in Madison, a dozen eggs go for around $2.78 and a pound of potatoes circles around $3.83.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Madison, an optometry check-up costs around $163.93, while a dentist appointment is priced $112.97 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $4.06 in Madison, while getting your tires balanced will run you about $88.22.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $54.26 here. Meanwhile, a pair of women's slacks will set you back around $55.48.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Madison, you should budget around $10.46 a month. When it comes to personal services, a haircut usually goes for $34.24, while dry cleaning costs about $14.65.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Madison, the median household income is $134,655.