Cost of Living in Madison, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
81.3
100 = national avg
-18.7 vs national average
Living Wage (1 Adult)
$35,771
per year
Living Wage (Family of 4)
$84,550
per year
Cost Index by Category
Housing77.3
Food88.2
Transportation77.8
Healthcare90.6
Utilities88.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$793
per month
2 Bedroom
$1,040
per month
The overall cost of living index in Madison is 81.3, which is 18.7% below the national average. Housing costs are below the national average at an index of 77.3. A single adult needs to earn approximately $35,771 per year to cover basic expenses.