Cost of Living in Madison, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
70.3
100 = national avg
-29.7 vs national average
Living Wage (1 Adult)
$30,949
per year
Living Wage (Family of 4)
$73,152
per year
Cost Index by Category
Housing58.5
Food83.9
Transportation67.8
Healthcare87.1
Utilities82.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$888
per month
The overall cost of living index in Madison is 70.3, which is 29.7% below the national average. Housing costs are below the national average at an index of 58.5. A single adult needs to earn approximately $30,949 per year to cover basic expenses.