Alexandria, IN vs Madison, IN

Alexandria is moderately more affordable than Madison, with a 10.4% lower cost of living index. Alexandria scores 65 compared to 73 for Madison, where the US average is 100. This difference means residents of Madison can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alexandria is $813/month compared to $827/month in Madison — a 2% difference. Home values follow the same pattern: Alexandria is more affordable at $92,700 median vs $186,600.

Median household income in Alexandria is $60,616 compared to $57,050 in Madison (+6.3%). Alexandria offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexandria spend roughly 16.1% of their income on rent, less than the 17.4% in Madison.