Janesville, IA vs Madrid, IA

Janesville is moderately more affordable than Madrid, with a 14.3% lower cost of living index. Janesville scores 67 compared to 79 for Madrid, where the US average is 100. This difference means residents of Madrid can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Janesville is $625/month compared to $1,034/month in Madrid — a 40% difference. Interestingly, home values tell a different story: while Janesville has cheaper rent, Madrid actually has lower median home values ($185,100 vs $214,700).

Median household income in Janesville is $84,231 compared to $86,915 in Madrid (-3.1%). Madrid does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Janesville spend roughly 8.9% of their income on rent, less than the 14.3% in Madrid.

Climate-wise, both cities share similar average temperatures (49°F vs 48.6°F). Janesville receives more rainfall at 36.3" per year compared to 35.9" in Madrid.