Madison vs Spring Valley: Cost of Living Comparison
How does the cost of living in Madison, Wisconsin compare to Spring Valley, Nevada? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Madison is the more affordable city overall. Housing costs are 13% lower in Madison compared to Spring Valley, while rent is 15% lower. NV has no state income tax.
| Metric | Madison, WI | Spring Valley, NV | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $326,600 | $375,200 | -13.0% |
| Median Monthly Rent | $1,291 | $1,523 | -15.2% |
| Income | |||
| Median Household Income | $74,895 | $69,341 | +8.0% |
| Per Capita Income | $46,652 | $37,666 | +23.9% |
| Taxes | |||
| State Income Tax Rate | 7.7% | None | same |
| Combined Sales Tax | 5.4% | 8.2% | -34.0% |
| Demographics | |||
| Population | 268,516 | 220,114 | +22.0% |
Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).
Rent vs. Buy Calculator — Madison
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Rent vs. Buy Calculator — Spring Valley
Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.
Key Takeaways
- Housing: The median home in Madison costs $326,600 compared to $375,200 in Spring Valley — a 13% discount.
- Rent: Median rent is $1,291/mo in Madison vs $1,523/mo in Spring Valley.
- Income: Median household income is $74,895 in Madison and $69,341 in Spring Valley.
- Taxes: Nevada has no state income tax, while Wisconsin has a 7.65% rate.
Methodology
This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).