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
$1,465
$1,723
🛏️ 2-bedroom rent
$1,315
$1,628
💵 Families earn per year
$71,417
$84,177
🔑 Buying a house
$224,800
$372,900
📊 Overall prices (U.S. = 100)
95.7
97.3
🏛️ Property tax per year
$2,037
$6,541
⚡ Electric bill per month
$141
$120
👥 People living there
885,860
278,001
Commute to work
24.6 min
19.4 min
College degree
34.9%
59.9%
Own their home
56%
46%
Below poverty line
15.8%
16.4%
Unemployment
5.1%
2.7%
Bottom line
- Pick Indianapolis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick Madison for higher incomes, shorter commutes, a more educated workforce and 1 more.
Pay for the same job
| Job | Indianapolis | Madison | Difference |
|---|---|---|---|
| Software Developer | $106,870 | $130,630 | +22% in Madison |
| Electrician | $65,130 | $78,430 | +20% in Madison |
| Registered Nurse | $84,230 | $101,190 | +20% in Madison |
| Firefighter | $68,480 | $56,430 | -18% in Madison |
| Nursing Assistant | $38,880 | $45,260 | +16% in Madison |
| Cashier | $29,890 | $34,550 | +16% in Madison |
| Retail Salesperson | $31,530 | $35,830 | +14% in Madison |
| Plumber | $76,980 | $85,160 | +11% in Madison |
Frequently asked questions
Is Indianapolis or Madison cheaper to live in?
Indianapolis 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 Indianapolis?
About $60,998 a year gives the same standard of living in Madison.
Where do people earn more, Indianapolis or Madison?
The typical household earns $71,417 in Indianapolis and $84,177 in Madison, 15% more in Madison.