Hot Springs, SD vs Madison, SD

Hot Springs, SD and Madison, SD have a very similar cost of living, with only a 3.3% difference in their overall index. Hot Springs scores 71 while Madison scores 74 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 Hot Springs is $854/month compared to $874/month in Madison — a 2% difference. Home values follow the same pattern: Hot Springs is more affordable at $168,200 median vs $191,400.

Median household income in Hot Springs is $49,688 compared to $62,180 in Madison (-20.1%). 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 Hot Springs spend roughly 20.6% of their income on rent, more than the 16.9% in Madison.

Climate-wise, both cities share similar average temperatures (43.2°F vs 45.1°F). Madison receives more rainfall at 29.6" per year compared to 19.8" in Hot Springs.