Ligonier, IN vs Madison, IN

Ligonier is moderately more affordable than Madison, with a 8.8% lower cost of living index. Ligonier scores 67 compared to 73 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 Ligonier is $854/month compared to $827/month in Madison — a 3% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Ligonier actually has lower median home values ($101,100 vs $186,600).

Median household income in Ligonier is $56,286 compared to $57,050 in Madison (-1.3%). Madison 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 Ligonier spend roughly 18.2% of their income on rent, more than the 17.4% in Madison.