Madison, NC vs Pikeville, NC

Madison is moderately more affordable than Pikeville, with a 9.2% lower cost of living index. Madison scores 67 compared to 73 for Pikeville, where the US average is 100. This difference means residents of Pikeville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Madison is $730/month compared to $1,019/month in Pikeville — a 28% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Pikeville actually has lower median home values ($133,400 vs $144,900).

Median household income in Madison is $49,964 compared to $61,071 in Pikeville (-18.2%). While Pikeville 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 17.5% of their income on rent, less than the 20% in Pikeville.