Cost of Living in New Madison, OH
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.1
100 = national avg
-8.9 vs national average
Living Wage (1 Adult)
$40,078
per year
Living Wage (Family of 4)
$94,730
per year
Cost Index by Category
Housing77.3
Food99.4
Transportation98.9
Healthcare99.6
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$806
per month
2 Bedroom
$973
per month
The overall cost of living index in New Madison is 91.1, which is 8.9% below the national average. Housing costs are below the national average at an index of 77.3. A single adult needs to earn approximately $40,078 per year to cover basic expenses.