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Madison, NJ Utility & Living Guide
Utilities, housing, taxes, cost of living, and local insights — everything residents and families need.
Monthly Utility Costs
$120/mo
$50/mo
$45/mo
$25/mo
$65/mo
Housing Market
| Rent & Property | |
|---|---|
| 1 Bedroom | $1951/mo |
| 2 Bedrooms | $2168/mo |
| 3 Bedrooms | $2710/mo |
| Median Home Price | $844,700 |
| Property Tax Rate | 1.2% |
| Avg Childcare/mo | $1000 |
Madison’s housing market is competitive, with historic homes and newer developments. Prices have risen steadily due to demand from families seeking top-rated schools.
Cost of Living
105
+5% above national average
102
98
100
$1000
Tax Rates
| Tax Overview | |
|---|---|
| Total Sales Tax | 7.5% |
| Property Tax Rate | 1.2% |
| <p>State 6.625% + County 0% + City 0.875%</p> | |
New Jersey has a progressive income tax tax ranging from 1.4% to 10.75%.
Family & Relocation
50
6.5/10
$1000/mo
City Pulse
Madison has NJ Transit rail service with elevators at stations, but bus service is limited.
- Madison Community Pool
- Museum of Early Trades & Crafts
- Loantaka Brook Reservation
Best Neighborhoods for Families
Household Budget Calculator
Estimate your real monthly cost of living in Madison based on your household profile.
📰 Live Local News
Residents must obtain permits for home renovations and adhere to historic district guidelines in certain districts.
Financial Tools
- Income Tax CalculatorEstimate take-home pay by state
- Mortgage CalculatorMonthly payment estimator
- Affordability CalculatorHow much home can you afford?
- Childcare Cost EstimatorCompare daycare costs by city
- Retirement PlannerRetirement readiness check
- Car Lease CalculatorMonthly lease payment estimator
- Savings CalculatorGrow your emergency fund
- City Comparison ToolCompare cities side by side
Find Another City Guide
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📊 Madison — Census & Demographic Data
Official data from the US Census Bureau, American Community Survey.
☀️ Seasonal Utility Costs
Summer months see higher electric costs due to AC use, while winter brings increased gas heating expenses. Water usage peaks in summer for lawn care.
🏛️ Local Tax Details
07940: Property tax millage rate of 1.2%, no local surtaxes.
👶 Family & Stroller Friendliness
7/10: Good sidewalk coverage downtown but some historic areas have uneven pavement. Excellent park access.
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