Goshen, IN vs Madison, IN

Madison is moderately more affordable than Goshen, with a 7.5% lower cost of living index. Goshen scores 78 compared to 73 for Madison, where the US average is 100. This difference means residents of Goshen can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Goshen is $1,045/month compared to $827/month in Madison — a 26% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Goshen actually has lower median home values ($175,200 vs $186,600).

Median household income in Goshen is $55,436 compared to $57,050 in Madison (-2.8%). Madison offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Goshen spend roughly 22.6% of their income on rent, more than the 17.4% in Madison.