Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Crime
This area is characterized by a crime rate, per 100,000 individuals, that falls well below the national average, indicating its potential as a very safe place to live.
Employment
This area scores extremely well in the employment category. This is primarily due to the combination of low unemployment rates, higher median home income and income per capita.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Earning a high health and safety score depends on factors such as good air quality and the availability of essential health facilities like hospitals, clinics, doctors, and fire stations.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Madrid, Iowa is a small-sized city with a population of 2,570 residents. If we look at the most recent Census, Madrid is known to have a predominantly White population. The next two most common races are Black and Asian. With an average age of 48 years, Madrid residents appear to be older compared to the national average. For seniors and retirees, this city presents itself as a compelling choice. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Madrid your home, your one-way commute time will typically last around 25 minutes, a duration that aligns with the national average commute time of 26 minutes.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Madrid, Iowa could be a positive experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Using the livability score which includes data from categories like amenities, cost of living, education, employment, housing, you can easily compare the best places to live in Madrid and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Madrid to Iowa and the national average.
The livability score in Madrid is 76 out of 100 and the city is ranked in the 91st percentile of all cities across America. Based on this score, Madrid would be considered a very livable city! Madrid also ranks in the top 10 percent of all cities, which is no small feat! There are nine total categories that form the livability score. Madrid ranks well for crime (A+), cost of living (A+), education (A-), employment (B+) and housing (A+) Madrid does not score well for the following: amenities (F). It might be a smart idea to take a closer look at each category to find out why.
The unemployment rate in Madrid has consistently declined over the years and currently stands well below the national average at 1.68%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
Parents and families tend to prioritize school test scores when choosing educational institutions. Test score data can be a critical factor in evaluating and comparing schools. In Madrid, the average school test scores are an impressive 70%, well above the national average. This achievement reflects the educational system's dedication to providing students with the essential knowledge and tools for success. It ensures that your children will receive the support and resources needed to excel academically and thrive in their educational pursuits.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Madrid has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Madrid real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Madrid. The median home price for Madrid homes is $138,700, which is 4.4% higher than the Iowa average. If we take a closer look at the affordability of homes in Madrid, we’ll see that the home price to income ratio is 2.1, which is 12.5% lower than the Iowa average.
| Statistic | Madrid | Iowa | National |
| Average one way commute | 25min | 19min | 26min |
| Workers who drive to work | 82.3% | 80.7% | 76.4% |
| Workers who carpool | 8.3% | 8.6% | 9.3% |
| Workers who take public transit | 0.2% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 2.3% | 3.5% | 2.8% |
| Working from home | 6.4% | 4.5% | 4.6% |
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