Beresford, SD vs Madison, SD

Beresford, SD and Madison, SD have a very similar cost of living, with only a 2.9% difference in their overall index. Beresford scores 76 while Madison scores 74 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Beresford is $868/month compared to $874/month in Madison — a 1% difference. Interestingly, home values tell a different story: while Beresford has cheaper rent, Madison actually has lower median home values ($191,400 vs $219,800).

Median household income in Beresford is $71,017 compared to $62,180 in Madison (+14.2%). While Beresford is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beresford spend roughly 14.7% of their income on rent, less than the 16.9% in Madison.

Climate-wise, Beresford is notably warmer with an average of 48.7°F compared to 45.1°F in Madison. Madison receives more rainfall at 29.6" per year compared to 28.7" in Beresford.