Cost of Living in Madison, MD
Population: 145 | Maryland
Madison is 39% more expensive than the national average.
Cost of Living in Madison, MD: What You Need to Know
With a cost of living index of 139, Madison, MD is a notably expensive place to live. Living here is 39% more expensive than the national average and 20% above the Maryland state average of 119. Madison is a small community of 145 residents.
The median household income in Madison is $108,676, which is 45% higher than the national median of $75,149. While incomes are above average, they more than offset the higher cost of living.
Climate is another factor for anyone considering a move to Madison. The area sees an average annual temperature of 58.3°F, with summers averaging 77°F and winters around 39°F. Annual rainfall totals 45.3 inches spread over roughly 118 days.
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.
Income
- Median Household Income
- $108,676
- vs US Median ($75,149)
- +45%
Housing
- Median Home Value
- $768,400
- Median Monthly Housing Cost
- $1,132/mo
Climate in Madison
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 45 | 48 | 55 | 66 | 75 | 83 | 87 | 85 | 79 | 69 | 58 | 50 |
| Avg °F | 37 | 39 | 46 | 57 | 66 | 75 | 79 | 77 | 71 | 60 | 50 | 42 |
| Low °F | 30 | 31 | 37 | 47 | 57 | 66 | 71 | 69 | 63 | 52 | 41 | 34 |
| Rain" | 2.9 | 2.8 | 4.0 | 3.7 | 3.7 | 4.3 | 4.5 | 4.7 | 4.2 | 4.0 | 3.1 | 3.5 |