Cost of Living in Madison, SD
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.6
100 = national avg
-2.4 vs national average
Living Wage (1 Adult)
$42,959
per year
Living Wage (Family of 4)
$101,540
per year
Cost Index by Category
Housing99.6
Food97.5
Transportation95.1
Healthcare98.0
Utilities98.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$739
per month
2 Bedroom
$970
per month
The overall cost of living index in Madison is 97.6, which is 2.4% below the national average. Housing costs are below the national average at an index of 99.6. A single adult needs to earn approximately $42,959 per year to cover basic expenses.