Jerome, IL vs Madison, MN: Cost of Living

Which city costs less?

Madison, MN has a modeled overall cost index 4.4% lower than Jerome, IL.

Jerome, IL · modeled 2BR rent
$1,200 / month
Madison, MN · modeled 2BR rent
$1,110 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

Adjust your income and compare the budget ↓
Tap to swap

Cost of Living Comparison 2026

Compare Jerome, IL and Madison, MN using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

$
Numbers update automatically as you type

Estimated savings: $151/month in Madison, MN

$150,000 in your current city has a modeled equivalent of $148,184 in Madison, MN

Regional cost estimates: Jerome, IL uses St. Louis, MO. Madison, MN uses Minneapolis, MN. Available city ZIP rent estimates are shown separately.
Overall Cost
↓ 4.4%
Less expensive
Monthly Impact
$151
Savings
Annual Impact
$1.8K
Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Jerome, IL

Population:2K
Cost Index:
79.7
100 = national average
Typical Home:$179K

Madison, MN

Population:1K
Cost Index:
76.2
100 = national average
Typical Home:$167K

Planning the move to Madison?

Organize packing, address changes, and moving-day tasks with a free checklist. Your progress saves in this browser. No account needed.

Plan my move with the free checklist

Jerome, IL

The Prairie State

2K
Population
State Tax
Yes

Located in Illinois, this city has a population of 2K residents.

Madison, MN

The North Star State

1K
Population
State Tax
Yes

Located in Minnesota, this city has a population of 1K residents.

Cost Breakdown by Category

Estimated monthly spending: Jerome, IL vs Madison, MN

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Housing
↑ 15.5%
Jerome, IL
$1,911
Madison, MN
$2,207
Difference
$296
more
Other
↓ 15.0%
Jerome, IL
$1,824
Madison, MN
$1,550
Difference
$274
less
Transportation
↓ 12.6%
Jerome, IL
$1,380
Madison, MN
$1,205
Difference
$174
less
Healthcare
↑ 25.9%
Jerome, IL
$624
Madison, MN
$786
Difference
$162
more
All Utilities
↓ 16.7%
Jerome, IL
$635
Madison, MN
$529
Difference
$106
less
Groceries
↓ 4.9%
Jerome, IL
$1,126
Madison, MN
$1,071
Difference
$54.84
less

🏠Rent Comparison

Studio
From$830
To$770
↓ $60.00
1 Bed
From$970
To$950
↓ $20.00
2 Bed
From$1,200
To$1,110
↓ $90.00
3 Bed
From$1,610
To$1,540
↓ $70.00
Jerome, ILZIP-level data

1BR range: $970–$970/mo

Madison, MNZIP-level data

1BR range: $950–$950/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500
Monthly in Jerome, IL
$7,349
Monthly in Madison, MN
$151
Difference

Home Values

Jerome
Madison
$179K
Median Value
$167K
↑ +6.6%
YoY Change
↑ +11.1%
↑ +30.3%
5-Year Change
↑ +45.6%

Homes in Madison are 6% less expensive than Jerome

Calculate payment - JeromeCalculate payment - Madison

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings
↓ $3.0K
More taxes
Monthly Difference
$251
Less take-home
Effective Rate Diff
2.0%
Rate difference

Jerome, IL

Federal Income Tax
Effective: 18.9%
$25.5K
Illinois State Tax
Effective: 5.0%
$7.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 29.6%
$44.4K
Take-Home Pay
$8,797/month
$105.6K

Madison, MN

Federal Income Tax
Effective: 18.9%
$25.5K
Minnesota State Tax
Effective: 7.0%
$10.4K
FICA Taxes
Social Security + Medicare
$11.5K
Total Taxes
Effective: 31.6%
$47.4K
Take-Home Pay
$8,546/month
$102.6K

Additional Tax Information

Jerome, IL Tax Rates

Sales Tax:8.8%
Property Tax:2.2%

Madison, MN Tax Rates

Sales Tax:8.0%
Property Tax:1.1%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Jerome
Madison
54 Moderate
Air Quality
42 Good
38%
Good Air Days
66.4%
99 High
Climate Risk
98 High
🌊🌡🫨
Top Hazards
🌊🌡🌪
▲+3.0°F
2050 Outlook
▲+3.6°F
39 days
Heat Days >95°F
14 days
▲+3.0°F
2050 Outlook
▲+3.6°F
39 days
Heat Days >95°F
14 days

Before moving from Jerome, IL to Madison, MN

Use this comparison to shortlist a move, then check the costs that depend on your household.

  1. Compare actual homes. Get current quotes in Madison, MN for the same bedroom count and included utilities as your home in Jerome, IL. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
  2. Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
  3. Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
  4. Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Jerome to Madison moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Madison, MN by cost, housing, population and region.

Frequently Asked Questions: Jerome, IL vs Madison, MN

How do the cost estimates for Jerome, IL and Madison, MN compare?

Madison, MN has a modeled overall cost index 4.4% lower than Jerome, IL. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Jerome, IL, the model estimates $148,184 in Madison, MN. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Jerome, IL and Madison, MN?

The modeled two-bedroom rents are $1,200/month in Jerome, IL and $1,110/month in Madison, MN. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Illinois and Minnesota on TaxTakeHome.com

Similar cost to Madison, MN

Other cities in a similar price range

Indianapolis, INSt. Louis, MO

Want to compare different cities?

New Comparison