Calculate using real Madison data. Median home price: $365,000. Property tax rate: 1.96%.
Madison, WI has a cost of living index of 108, where 100 represents the national average. This means living in Madison is 8% more expensive the national average.
The median household income in Madison, WI is $72,420. Combined with a cost of living index of 108, this provides a picture of purchasing power in the area.
The median home price in Madison, WI is $365,000 with a property tax rate of 1.96%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,592.