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Cost of Living in Madison Parish

Is it better to rent or buy in Madison Parish? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$39,302
$675/mo

Median in area: $675

$95,049

Median in area: $95,049

$19,010

If you Rent

🔑
$879 /mo
Base Rent$675
Est. Utilities$204
% of Income26.8%
Pre-tax Residual$2,396

If you Buy

🏠
$796 /mo
P&I (7.205%)$516
Taxes & Ins$76
Est. Utilities$204
% of Income24.3%
Pre-tax Residual$2,479

Compare Nearby Areas

See how Madison Parish stacks up against neighboring areas.

countyRichland Parish, LA
$907/mo
countyEast Carroll Parish, LA
$645/mo
countyTensas Parish, LA
$574/mo
countyFranklin Parish, LA
$764/mo
countyWarren County, MS
$934/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Madison Parish?›

Based on median housing data, buying is currently more affordable on a monthly basis in Madison Parish. The estimated all-in monthly cost for renting is $879, while owning a median-priced home with a 20% down payment is roughly $796 per month (a difference of $83).

How much do utilities cost in Madison Parish?›

The average monthly utility cost (electricity and natural gas) for a typical home in Madison Parish is approximately $204. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Madison Parish?›

To comfortably afford the median rent and utilities in Madison Parish without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $35,160 per year.