Amboy, MN vs Madison, MN

Amboy is moderately more affordable than Madison, with a 8.7% lower cost of living index. Amboy scores 64 compared to 70 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 Amboy is $760/month compared to $920/month in Madison — a 17% difference. Interestingly, home values tell a different story: while Amboy has cheaper rent, Madison actually has lower median home values ($104,600 vs $125,300).

Median household income in Amboy is $78,214 compared to $56,435 in Madison (+38.6%). Amboy offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Amboy spend roughly 11.7% of their income on rent, less than the 19.6% in Madison.