Madison, MN vs Newport, MN
There is a significant gap in the cost of living between these two cities. Madison is 27.3% cheaper than Newport. With a cost index of 70 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison to Newport should plan for substantially higher expenses across most categories.
On the housing front, median rent in Madison is $920/month compared to $1,080/month in Newport — a 15% difference. Home values follow the same pattern: Madison is more affordable at $104,600 median vs $331,300.
Median household income in Madison is $56,435 compared to $63,365 in Newport (-10.9%). Newport 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 Madison spend roughly 19.6% of their income on rent, less than the 20.5% in Newport.
Climate-wise, Newport is notably warmer with an average of 46.5°F compared to 43°F in Madison. Newport receives more rainfall at 29.2" per year compared to 22.7" in Madison.
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