There are 20 independent living communities serving Madison, New Jersey. This includes 1 community in Madison and 19 nearby. The costs per day for independent living in New Jersey range from $37 up to $171, with an average cost running around $100. The monthly expense averages roughly $2,986 and ranges between $1,104 and $5,115. Annually, the average cost is about $35,838, which is greater than the nationwide average of $23,100.
The cost of independent living in Madison generally ranges from about $1,804 per month to $5,528 per month. The average cost is approximately $3,823 per month, or around $45,870 per year.
Madison is a small city in New Jersey. It is located within Morris County and is included in the New York-Northern New Jersey-Long Island metropolitan statistical area. The encompassing metropolitan area contains 5,372,907 inhabitants, but there are 17,278 living in the city limits. People over 55 make up about 22% of the community.
The SeniorScore™ for Madison is 79. The median housing price in the city is $958,500, which is much higher than the state average of $547,500. Madison has a moderate unemployment rate of roughly 6.78%. The city's median household income is $109,000 ($52,000 per capita), versus an average of $84,000 for the state of New Jersey.
Madison has extreme mean temperatures, with cold winters and calm summers. The city gets very high levels of rain each year. In relation to other cities, Madison has better than average air quality, moderate water quality ratings, and a very low rate of crime.