Cost of Living in Madison, AL
Population 60,106 · Census ACS 2020–2024 5-year estimates
The median rent in Madison, AL is $1,453/month, 44% higher than the Alabama median and 3% higher than the U.S. median. The median home value is $398,800, 20% higher than the national median. Households earn a median of $134,655 a year, 110% higher than the state median.
Affordability
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Madison vs. Alabama vs. U.S.
| Madison | Alabama | U.S. | |
|---|---|---|---|
| Median rent | $1,453 | $1,007 | $1,413 |
| Median home value | $398,800 | $209,900 | $332,700 |
| Median household income | $134,655 | $63,999 | $80,734 |
| Homeownership rate | 74.0% | 70.2% | 65.2% |
| Bachelor's degree or higher | 64.5% | 28.4% | 35.7% |
| Poverty rate | 4.3% | 15.6% | 12.5% |
| Unemployment rate | 2.2% | 4.7% | 5.2% |
| Work from home | 19.2% | 8.8% | 15.1% |
| Median age | 37.3 | 39.3 | 38.9 |
FAQ
What is the average rent in Madison, AL?
The median gross rent in Madison, AL is $1,453 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Madison, AL?
Using the common 30% rule, renting a median-priced home takes about $58,120 a year in gross income.
Is Madison, AL expensive to live in?
Rent there is 3% higher than the U.S. median, and the median home costs about 3.0 times the median household income.
Other cities in Alabama
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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