Cost of Living in Madison
Madison's cost of living runs genuinely affordable on housing and rent, within South Dakota's own favorable statewide tax structure.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreAffordable housing closely aligned with the state median
Madison's cited median listing price (~$336,000, June 2026) runs closely aligned with the SD statewide median sale price (~$343,779).
A real, disclosed rent spread
Madison's median gross rent carries a real, disclosed cross-source spread of approximately $805-$1,035/month.
No state income tax, a 6.2% combined sales tax
South Dakota levies no state individual income tax; Madison's combined sales tax rate runs 6.2% (4.2% state + 2.0% municipal).
Key takeaways
- Madison's housing runs genuinely affordable, closely aligned with the SD statewide median.
- Rent carries a real, disclosed cross-source spread of approximately $805-$1,035/month.
- South Dakota's no-income-tax, 6.2%-combined-sales-tax structure applies fully in Madison.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Madison overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert