Cost of Living in Madison, IN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.4
100 = national avg
-9.6 vs national average
Living Wage (1 Adult)
$39,786
per year
Living Wage (Family of 4)
$94,039
per year
Cost Index by Category
Housing89.7
Food93.6
Transportation86.8
Healthcare94.9
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$818
per month
2 Bedroom
$971
per month
The overall cost of living index in Madison is 90.4, which is 9.6% below the national average. Housing costs are below the national average at an index of 89.7. A single adult needs to earn approximately $39,786 per year to cover basic expenses.