salaryMadison is 8% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Madison to live the same way.
🏠 Rent per month
$1,651
$1,723
🛏️ 2-bedroom rent
$1,565
$1,628
💵 Families earn per year
$111,392
$84,177
🔑 Buying a house
$395,900
$372,900
📊 Overall prices (U.S. = 100)
105.4
97.3
🏛️ Property tax per year
$4,982
$6,541
⚡ Electric bill per month
$136
$120
👥 People living there
288,976
278,001
Commute to work
18.8 min
19.4 min
College degree
38.7%
59.9%
Own their home
63.9%
46%
Below poverty line
8.9%
16.4%
Unemployment
4.6%
2.7%
Bottom line
- Pick Anchorage for lower rent, cheaper 2-bedroom apartments, higher incomes and 2 more.
- Pick Madison for cheaper homes, a more educated workforce, lower unemployment.
Pay for the same job
| Job | Anchorage | Madison | Difference |
|---|---|---|---|
| Police Officer | $115,020 | $80,580 | -30% in Madison |
| HVAC Technician | $85,620 | $63,150 | -26% in Madison |
| Software Developer | $104,030 | $130,630 | +26% in Madison |
| Dental Hygienist | $132,740 | $100,340 | -24% in Madison |
| Licensed Practical Nurse | $82,330 | $64,550 | -22% in Madison |
| Elementary School Teacher | $79,270 | $63,690 | -20% in Madison |
| Lawyer | $153,590 | $124,130 | -19% in Madison |
| Server (Waiter/Waitress) | $26,080 | $30,910 | +19% in Madison |
Frequently asked questions
Is Anchorage or Madison cheaper to live in?
Madison is about 8% cheaper overall. Rent is $1,723 a month there versus $1,651 in Anchorage.
What salary do I need in Madison to match $60,000 in Anchorage?
About $55,371 a year gives the same standard of living in Madison.
Where do people earn more, Anchorage or Madison?
The typical household earns $111,392 in Anchorage and $84,177 in Madison, 32% more in Anchorage.