Hamlet, NC vs Madison, NC

Hamlet is moderately more affordable than Madison, with a 12.5% lower cost of living index. Hamlet scores 58 compared to 67 for Madison, where the US average is 100. This difference means residents of Madison can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hamlet is $553/month compared to $730/month in Madison — a 24% difference. Home values follow the same pattern: Hamlet is more affordable at $103,800 median vs $144,900.

Median household income in Hamlet is $38,500 compared to $49,964 in Madison (-22.9%). 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 Hamlet spend roughly 17.2% of their income on rent, less than the 17.5% in Madison.