Cost of Living in Madison, IN
Overall index: 73 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 54 | -46% | $579 |
| Transportation | 102 | +2% | $3.50 |
| Food | 76 | -24% | $312 |
| Utilities | 77 | -23% | $97 |
| Healthcare | 77 | -23% | $70 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Madison?
A single adult living comfortably in Madison, IN needs approximately $25,550 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Madison, IN?
The overall cost of living in Madison, IN is 27% lower than the US national average (index: 73 where 100 = national average).
How much is rent in Madison, IN?
Average rent for a 1-bedroom apartment in Madison, IN is about $579/month.
Is Madison, IN expensive to live in?
No, Madison, IN is affordable (below national average).
What salary do I need to live in Madison, IN?
A single adult needs roughly $25,550/year to cover basic living costs in Madison, IN.