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Cost of Living in Madison, NJ

200.1
Very Expensive · National average is 100

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$163,567
Median Income
$2,168/mo
Median Rent
$844,700
Median Home
16,521
Population

Cost Breakdown

🏠Housing
180.8
0Nat'l Avg (100)200
🛒Groceries
188.2
0Nat'l Avg (100)200
🚗Transportation
189.1
0Nat'l Avg (100)200
🏥Healthcare
191.2
0Nat'l Avg (100)200
⚡Utilities
192.1
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$1,691
est.
$1,908
est.
$2,168$2,775
est.
$3,165
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Madison with cities in the area

Florham Park, NJ
Very Expensive
204.6
Chatham, NJ
Very Expensive
213.5
New Providence, NJ
Very Expensive
174.1
Summit, NJ
Very Expensive
209.6
Morristown, NJ
Very Expensive
161.1
Mountainside, NJ
Very Expensive
224.6
Compare Madison vs Florham ParkCompare Madison vs ChathamCompare Madison vs New Providence