Cost Of Living in Madison, NE

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Madison	Nebraska	National
Cost of living	86	89	100
Goods & Services	103	96	100
Groceries	97	96	100
Health care	109	98	100
Housing	57	76	100
Transportation	105	100	100
Utilities	81	86	100

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Cost Of Living Quick Facts

The cost of living in Madison is 3% lower than the Nebraska average
The cost of living in Madison is 14% lower than the national average
Madison housing is 43% lower than the national average
Nebraska general sales tax is 8% higher than the national average
Nebraska state income tax is 5% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$50,380	$4,198	$1,175	$1,512
Renters	$50,592	$4,216	$1,180	$1,518

Nebraska Sales Tax

State	General Sales Tax	With Max Surtax
Nebraska	5.5%	7.5%

Nebraska Income Tax

State	Income Tax (Low)	Income Tax (High)
Nebraska	2.46%	6.64%

Goods & Services

Item	Madison	National avg.	Difference
Haircut	$31.00	$24.26	27.8%
Beauty Salon	$45.12	$45.56	1.0%
Toothpaste	$3.71	$3.70	0.1%
Shampoo	$1.35	$1.28	5.4%
Movie	$12.09	$12.13	0.4%
Bowling	$17.47	$18.00	3.0%

Groceries

Item	Madison	National avg.	Difference
Ground Beef	$6.17	$5.84	5.6%
Fried Chicken	$1.37	$1.57	12.7%
Milk	$4.68	$4.67	0.2%
Potatoes	$4.50	$4.93	8.7%
Pizza	$11.23	$12.09	7.1%
Beer	$9.42	$10.41	9.5%

Health Care

Item	Madison	National avg.	Difference
Optometrist	$114.63	$125.68	8.8%
Doctor	$168.72	$135.78	24.3%
Dentist	$118.87	$113.29	4.9%
Ibuprofen	$10.68	$10.65	0.3%
Lipitor	$483.84	$468.60	3.3%

Housing

Item	Madison	National avg.	Difference
Home Price	$92,200.00	$184,700.00	50.1%
Avg. Mortgage Payment	$1,893.52	$2,346.69	19.3%
Apartment Rent	$693.00	$949.00	27.0%

Transportation

Item	Madison	National avg.	Difference
Gasoline	$3.39	$3.46	2.0%
Tire Balancing	$73.74	$59.92	23.1%

Utilities

Item	Madison	National avg.	Difference
All Electricity	$128.83	$193.99	33.6%
Phone	$201.86	$192.25	5.0%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cornlea, NE	22	80	19.6%
Tarnov, NE	11	82	18.4%
Creston, NE	207	82	17.6%
Leigh, NE	375	84	16.0%
Stanton, NE	1,847	86	14.3%
Madison, NE	2,239	86	13.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Saint-Marc-sur-Richelieu, QC	2,239	n/a
Ossun, LA	2,238	84	15.7%
Gibbsboro, NJ	2,238	119	18.9%
Clarence, NY	2,238	103	2.5%
Oak Hills, PA	2,238	102	1.7%
Madison, NE	2,239	86	13.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Madison, NE