salaryAbout the sameBased 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
$1,932
$1,723
🛏️ 2-bedroom rent
$1,941
$1,628
💵 Families earn per year
$101,010
$84,177
🔑 Buying a house
$555,300
$372,900
📊 Overall prices (U.S. = 100)
98.1
97.3
🏛️ Property tax per year
$8,024
$6,541
⚡ Electric bill per month
$134
$120
👥 People living there
979,539
278,001
Commute to work
23.7 min
19.4 min
College degree
59.6%
59.9%
Own their home
43.4%
46%
Below poverty line
12%
16.4%
Unemployment
4.7%
2.7%
Bottom line
- Pick Austin for higher incomes, less poverty.
- Pick Madison for lower rent, cheaper 2-bedroom apartments, cheaper homes and 3 more.
Pay for the same job
| Job | Austin | Madison | Difference |
|---|---|---|---|
| Plumber | $62,810 | $85,160 | +36% in Madison |
| Electrician | $60,390 | $78,430 | +30% in Madison |
| Carpenter | $50,260 | $63,480 | +26% in Madison |
| Lawyer | $153,330 | $124,130 | -19% in Madison |
| Nursing Assistant | $38,550 | $45,260 | +17% in Madison |
| Market Research Analyst | $80,460 | $67,990 | -15% in Madison |
| Warehouse Worker | $38,530 | $44,190 | +15% in Madison |
| Server (Waiter/Waitress) | $27,260 | $30,910 | +13% in Madison |
Frequently asked questions
Is Austin or Madison cheaper to live in?
Austin and Madison cost about the same once rent and everyday costs are combined.
What salary do I need in Madison to match $60,000 in Austin?
About $59,523 a year gives the same standard of living in Madison.
Where do people earn more, Austin or Madison?
The typical household earns $101,010 in Austin and $84,177 in Madison, 20% more in Austin.