Cost of Living in Madison, MD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
236.9
100 = national avg
+136.9 vs national average
Living Wage (1 Adult)
$104,254
per year
Living Wage (Family of 4)
$246,420
per year
Cost Index by Category
Housing394.7
Food133.1
Transportation155.9
Healthcare126.5
Utilities178.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$952
per month
2 Bedroom
$1,144
per month
The overall cost of living index in Madison is 236.9, which is 136.9% above the national average. Housing costs are above the national average at an index of 394.7. A single adult needs to earn approximately $104,254 per year to cover basic expenses.