Cost of Living in Madison, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
154.7
100 = national avg
+54.7 vs national average
Living Wage (1 Adult)
$68,058
per year
Living Wage (Family of 4)
$160,864
per year
Cost Index by Category
Housing156.9
Food150.5
Transportation125.8
Healthcare140.4
Utilities141.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,136
per month
2 Bedroom
$1,310
per month
The overall cost of living index in Madison is 154.7, which is 54.7% above the national average. Housing costs are above the national average at an index of 156.9. A single adult needs to earn approximately $68,058 per year to cover basic expenses.