New Madison, OH vs Woodstock, OH

New Madison, OH and Woodstock, OH have a very similar cost of living, with only a 4.1% difference in their overall index. New Madison scores 67 while Woodstock scores 70 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 New Madison is $850/month compared to $850/month in Woodstock — a 0% difference. Interestingly, home values tell a different story: while Woodstock has cheaper rent, New Madison actually has lower median home values ($107,800 vs $130,200).

Median household income in New Madison is $64,688 compared to $55,938 in Woodstock (+15.6%). New Madison offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Madison spend roughly 15.8% of their income on rent, less than the 18.2% in Woodstock.