Cost of Living in Madison, WI
Madison has a cost of living index of 106 (100 = national average), making it more expensive than the national average. The median household income is $67,740 and the median home price is $355,000.
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Madison at a Glance
Population
269,840
Cost of Living Index
106
Median Income
$67,740
Median Home Price
$355,000
Property Tax Rate
1.95%
Sales Tax Rate
5.50%
Rent Index
100
State
Wisconsin
Living in Madison
Madison has a cost of living slightly above the national average. While housing at $355,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Madison is 5.50%, and the effective property tax rate is 1.95%. Property taxes are above the national average, which is an important consideration for homebuyers.