Madison, IN vs Winona Lake, IN

Madison is moderately more affordable than Winona Lake, with a 14.2% lower cost of living index. Madison scores 73 compared to 85 for Winona Lake, where the US average is 100. This difference means residents of Winona Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Madison is $827/month compared to $1,074/month in Winona Lake — a 23% difference. Home values follow the same pattern: Madison is more affordable at $186,600 median vs $242,400.

Median household income in Madison is $57,050 compared to $97,813 in Winona Lake (-41.7%). While Winona Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Madison spend roughly 17.4% of their income on rent, more than the 13.2% in Winona Lake.