Despard, WV vs Madison, WV
There is a significant gap in the cost of living between these two cities. Despard is 22% cheaper than Madison. With a cost index of 56 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Despard to Madison should plan for substantially higher expenses across most categories.
On the housing front, median rent in Despard is $596/month compared to $1,015/month in Madison — a 41% difference. Home values follow the same pattern: Despard is more affordable at $82,100 median vs $127,200.
Median household income in Despard is $33,929 compared to $57,073 in Madison (-40.6%). While Madison is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Despard spend roughly 21.1% of their income on rent, less than the 21.3% in Madison.
Climate-wise, both cities share similar average temperatures (54.9°F vs 56.2°F). Madison receives more rainfall at 46.2" per year compared to 44.8" in Despard.
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NOAA 30-year normals (1991-2020)