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Lovejoy, GA vs Madison, GA

101
Lovejoy
Georgia
VS
+6%
95
Madison
Georgia

Madison is moderately more affordable than Lovejoy, with a 6% lower cost of living index. Lovejoy scores 101 compared to 95 for Madison, where the US average is 100. This difference means residents of Lovejoy can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lovejoy is $1,546/month compared to $1,128/month in Madison — a 37% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Lovejoy actually has lower median home values ($228,500 vs $313,100).

Median household income in Lovejoy is $67,872 compared to $79,133 in Madison (-14.2%). Madison offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lovejoy spend roughly 27.3% of their income on rent, more than the 17.1% in Madison.

Income & Cost

Cost of Living Index
Lovejoy
101
Madison
95
6% cheaper
Median Household Income
Lovejoy
$67,872
Madison
$79,133
14% higher

Housing

Median Rent
Lovejoy
$1,546
Madison
$1,128
27% cheaper
Median Home Value
Lovejoy
$228,500
27% cheaper
Madison
$313,100
Population
Lovejoy
10,967
Madison
4,714

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Lovejoy $3.02
Madison $3.02
US $3.07
🥚
Eggs (grade A, large)
Lovejoy $2.46
Madison $2.46
US $2.50
🥛
Milk (whole)
Lovejoy $3.97
Madison $3.97
US $4.03
🍞
Bread (white)
Lovejoy $1.82
Madison $1.82
US $1.85
🍗
Chicken breast
Lovejoy $4.08
Madison $4.08
US $4.14
Electricity
Lovejoy $0.18
Madison $0.18
US $0.19