Cost of Living: Madison, WI vs Riverview, FL (2026)

Madison

Wisconsin
103
VS

Riverview

Florida
122

Madison is 16% cheaper than Riverview.

$1,364/mo ↓ 28%
Median Rent
$1,890/mo ↑ 39%
$76,983/yr ↓ 19%
Median Income
$95,442/yr ↑ 24%
$346,900 ↑ 2%
Home Value
$341,200 ↓ 2%
$1,476/mo ↓ 16%
Owner Costs
$1,767/mo ↑ 20%
275,568
Population
107,776

Tax Comparison

7.65%
Income Tax
0%
5.0%
State Sales Tax
6.0%
1.61%
Property Tax
0.86%

Affordability

21.3%
rent-to-income
Affordability
23.8%
rent-to-income

Detailed Comparison

When comparing Madison, WI and Riverview, FL, the overall cost of living indices are 103 and 122 respectively (national median = 100). Rent is $526/month cheaper in Madison, saving renters about $6,312/year.

Median household income is $18,459/year higher in Riverview. Home values also differ significantly — the median in Madison is $346,900 compared to $341,200 in Riverview.

Florida has no state income tax, giving Riverview residents a significant tax advantage over Wisconsin's 7.65% rate.

Frequently Asked Questions

Madison vs Riverview — common questions

Is Madison or Riverview cheaper to live in?
Based on our cost index, Madison is cheaper to live in with an index of 103 compared to 122 (US average = 100).
What is the rent difference between Madison and Riverview?
Median rent in Madison is $1,364/month and in Riverview it's $1,890/month — a difference of $526/month.
Which city has higher income, Madison or Riverview?
Median household income is $76,983 in Madison and $95,442 in Riverview. Median household income is $18,459/year higher in Riverview.
How do taxes compare between Wisconsin and Florida?
Wisconsin has 7.65% income tax, 5.0% sales tax, and 1.61% property tax. Florida has 0% income tax, 6.0% sales tax, and 0.86% property tax.
Should I move to Madison or Riverview?
It depends on your priorities. Madison has a cost index of 103 with median rent of $1,364/mo, while Riverview has a cost index of 122 with rent of $1,890/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Madison details → View Riverview details →

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