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Madison, MN vs Newport, MN

70
Madison
Minnesota
VS
-27.3%
96
Newport
Minnesota

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.

Income & Cost

Cost of Living Index
Madison
70
27% cheaper
Newport
96
Median Household Income
Madison
$56,435
Newport
$63,365
11% higher

Housing

Median Rent
Madison
$920
15% cheaper
Newport
$1,080
Median Home Value
Madison
$104,600
68% cheaper
Newport
$331,300
Population
Madison
1,507
Newport
4,460

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Madison
Newport $3.20
US $3.07
🥚
Eggs (grade A, large)
Madison
Newport $2.61
US $2.50
🥛
Milk (whole)
Madison
Newport $4.21
US $4.03
🍞
Bread (white)
Madison
Newport $1.93
US $1.85
🍗
Chicken breast
Madison
Newport $4.33
US $4.14
Electricity
Madison
Newport $0.17
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Madison 43°F
Newport 46.5°F
Summer High
Madison 82°F
Newport 83°F
Winter Low
Madison 3°F
Newport 9°F
Rainfall
Madison 22.7"
Newport 29.2"
Rainy Days
Madison 96d
Newport 102d