Cost of Living in Madrid, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.4
100 = national avg
-4.6 vs national average
Living Wage (1 Adult)
$41,962
per year
Living Wage (Family of 4)
$99,183
per year
Cost Index by Category
Housing75.8
Food104.8
Transportation109.7
Healthcare103.9
Utilities98.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$849
per month
2 Bedroom
$961
per month
The overall cost of living index in Madrid is 95.4, which is 4.6% below the national average. Housing costs are below the national average at an index of 75.8. A single adult needs to earn approximately $41,962 per year to cover basic expenses.