Madison, SD vs Summerset, SD

There is a significant gap in the cost of living between these two cities. Madison is 23.8% cheaper than Summerset. With a cost index of 74 vs 97, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison to Summerset should plan for substantially higher expenses across most categories.

On the housing front, median rent in Madison is $874/month compared to $1,233/month in Summerset — a 29% difference. Home values follow the same pattern: Madison is more affordable at $191,400 median vs $337,900.

Median household income in Madison is $62,180 compared to $115,197 in Summerset (-46%). While Summerset 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 16.9% of their income on rent, more than the 12.8% in Summerset.