Cost of Living in Madison, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.4
100 = national avg
-9.6 vs national average
Living Wage (1 Adult)
$39,793
per year
Living Wage (Family of 4)
$94,057
per year
Cost Index by Category
Housing89.5
Food93.6
Transportation87.2
Healthcare94.9
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$674
per month
2 Bedroom
$869
per month
The overall cost of living index in Madison is 90.4, which is 9.6% below the national average. Housing costs are below the national average at an index of 89.5. A single adult needs to earn approximately $39,793 per year to cover basic expenses.