Madisonville, TN vs New Market, TN

Madisonville is moderately more affordable than New Market, with a 5.4% lower cost of living index. Madisonville scores 69 compared to 73 for New Market, where the US average is 100. This difference means residents of New Market can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Madisonville is $663/month compared to $946/month in New Market — a 30% difference. Interestingly, home values tell a different story: while Madisonville has cheaper rent, New Market actually has lower median home values ($166,400 vs $202,600).

Median household income in Madisonville is $45,274 compared to $70,913 in New Market (-36.2%). While New Market is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Madisonville spend roughly 17.6% of their income on rent, more than the 16% in New Market.