Cost Of Living in Madison, NY

Get 300+ Local Insights for Any Address in Madison, NY

Get Access to 300+ Local Data Points

A

1%

Overall NAT. AVG.

6%

Groceries NAT. AVG.

29%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Madison	New York	National
Cost of living	99	121	100
Groceries	106	106	100
Health care	109	110	100
Housing	71	144	100
Transportation	115	113	100
Utilities	110	112	100
Lifestyle & Entertainment	113	111	100
Household Items	104	106	100
Education & Childcare	119	118	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Madison, NY

3483 Bishop Rd

Madison, NY

6778 State Route 20

Bouckville, NY

2729 W Hill Rd

Hamilton, NY

2846 W Hill Rd

Hamilton, NY

Cost Of Living Quick Facts

The cost of living in Madison is 18% lower than the New York average
The cost of living in Madison is 1% lower than the national average
Madison housing is 29% lower than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Madison

See all the best places to live around Madison

Compare Madison, NY Cost of Living

Write a review to give others more information about this area.

See all Madison poll results

The best places in New York

Here are the best places to live in New York

Safest Cities In The US

Most Dangerous States In The US

Most Dangerous Cities In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$72,140	$6,012	$1,683	$2,164
Renters	$74,690	$6,224	$1,743	$2,241

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Westmoreland, NY	511	110	9.6%
Smyrna, NY	193	91	9.4%
Bridgewater, NY	491	91	8.5%
Oriskany Falls, NY	793	94	5.5%
Earlville, NY	879	95	5.3%
Madison, NY	472	99	1.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lexington, GA	472	92	8.5%
Holyrood, KS	472	79	21.2%
La Cueva, NM	472	99	1.1%
Deer Lake CDP, PA	472	101	1.2%
Aneth, UT	472	102	1.8%
Madison, NY	472	99	1.5%