Cost of Living in Madrid, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.1
100 = national avg
+19.1 vs national average
Living Wage (1 Adult)
$52,397
per year
Living Wage (Family of 4)
$123,848
per year
Cost Index by Category
Housing112.1
Food116.4
Transportation132.9
Healthcare113.1
Utilities112.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$788
per month
2 Bedroom
$1,026
per month
The overall cost of living index in Madrid is 119.1, which is 19.1% above the national average. Housing costs are above the national average at an index of 112.1. A single adult needs to earn approximately $52,397 per year to cover basic expenses.