Gramercy, LA vs Madisonville, LA

Gramercy is moderately more affordable than Madisonville, with a 9.7% lower cost of living index. Gramercy scores 89 compared to 98 for Madisonville, where the US average is 100. This difference means residents of Madisonville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gramercy is $1,293/month compared to $1,102/month in Madisonville — a 17% difference. Interestingly, home values tell a different story: while Madisonville has cheaper rent, Gramercy actually has lower median home values ($211,900 vs $391,800).

Median household income in Gramercy is $66,475 compared to $112,500 in Madisonville (-40.9%). While Madisonville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gramercy spend roughly 23.3% of their income on rent, more than the 11.8% in Madisonville.