Madison, SD vs Yankton, SD

Madison, SD and Yankton, SD have a very similar cost of living, with only a 2.7% difference in their overall index. Madison scores 74 while Yankton scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Madison is $874/month compared to $780/month in Yankton — a 12% difference. Interestingly, home values tell a different story: while Yankton has cheaper rent, Madison actually has lower median home values ($191,400 vs $202,300).

Median household income in Madison is $62,180 compared to $69,071 in Yankton (-10%). Yankton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Madison spend roughly 16.9% of their income on rent, more than the 13.6% in Yankton.