Madison, OH vs Oakwood, OH

There is a significant gap in the cost of living between these two cities. Madison is 25.7% cheaper than Oakwood. With a cost index of 75 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison to Oakwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Madison is $888/month compared to $1,320/month in Oakwood — a 33% difference. Home values follow the same pattern: Madison is more affordable at $190,900 median vs $350,100.

Median household income in Madison is $95,313 compared to $158,968 in Oakwood (-40%). While Oakwood 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 11.2% of their income on rent, more than the 10% in Oakwood.