Irondale, OH vs New Madison, OH

Irondale is moderately more affordable than New Madison, with a 5.2% lower cost of living index. Irondale scores 63 compared to 67 for New Madison, where the US average is 100. This difference means residents of New Madison can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Irondale is $850/month compared to $850/month in New Madison — a 0% difference. Interestingly, home values tell a different story: while New Madison has cheaper rent, Irondale actually has lower median home values ($78,000 vs $107,800).

Median household income in Irondale is $54,167 compared to $64,688 in New Madison (-16.3%). While New 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 Irondale spend roughly 18.8% of their income on rent, more than the 15.8% in New Madison.