Madison, VA vs New Hope, VA

Madison is moderately more affordable than New Hope, with a 8% lower cost of living index. Madison scores 90 compared to 98 for New Hope, where the US average is 100. This difference means residents of New Hope can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Madison are $312,500 compared to $314,400 in New Hope, a 1% gap.

Median household income in Madison is $47,059 compared to $87,083 in New Hope (-46%). While New Hope is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.