Edinburgh, IN vs Madison, IN

Edinburgh, IN and Madison, IN have a very similar cost of living, with only a 4.8% difference in their overall index. Edinburgh scores 70 while Madison scores 73 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 Edinburgh is $807/month compared to $827/month in Madison — a 2% difference. Home values follow the same pattern: Edinburgh is more affordable at $145,400 median vs $186,600.

Median household income in Edinburgh is $56,406 compared to $57,050 in Madison (-1.1%). Madison does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Edinburgh spend roughly 17.2% of their income on rent, less than the 17.4% in Madison.