Madison, NC vs Rich Square, NC

Rich Square is moderately more affordable than Madison, with a 5.5% lower cost of living index. Madison scores 67 compared to 63 for Rich Square, where the US average is 100. This difference means residents of Madison 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 $781/month in Rich Square — a 7% difference. Interestingly, home values tell a different story: while Madison has cheaper rent, Rich Square actually has lower median home values ($78,300 vs $144,900).

Median household income in Madison is $49,964 compared to $38,621 in Rich Square (+29.4%). While Madison 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 24.3% in Rich Square.