Cost of Living in Madison Center, CT

With a cost of living index of 165, Madison Center, CT is one of the most expensive cities in the United States. Living here is 65% more expensive than the national average and 40% above the Connecticut state average of 125. Madison Center is a small community of 1,818 residents.

Housing costs are the biggest factor in Madison Center's cost of living. The median monthly rent is $2,079 (58% above the US median of $1,319), and the median home value sits at $816,800 (168% above the national median of $304,900). At current prices, the median home costs roughly 4.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Madison Center is $190,769, which is 154% higher than the national median of $75,149. Residents spend roughly 13% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.