Madison, IN vs Winchester, IN

There is a significant gap in the cost of living between these two cities. Winchester is 16.6% cheaper than Madison. With a cost index of 63 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Winchester to Madison should plan for substantially higher expenses across most categories.

On the housing front, median rent in Madison is $827/month compared to $727/month in Winchester — a 14% difference. Home values follow the same pattern: Winchester is more affordable at $97,000 median vs $186,600.

Median household income in Madison is $57,050 compared to $60,833 in Winchester (-6.2%). Winchester offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Madison spend roughly 17.4% of their income on rent, more than the 14.3% in Winchester.