Madison, VA vs New Kent, VA
There is a significant gap in the cost of living between these two cities. Madison is 17.5% cheaper than New Kent. With a cost index of 90 vs 110, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Madison to New Kent should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Madison are $312,500 compared to $430,400 in New Kent, a 27% gap.
Median household income in Madison is $47,059 compared to $166,375 in New Kent (-71.7%). While New Kent is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.
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