Cost of Living in Madison, MS
Population 27,946 · Census ACS 2020–2024 5-year estimates
The median rent in Madison, MS is $1,853/month, 94% higher than the Mississippi median and 31% higher than the U.S. median. The median home value is $352,900, 6% higher than the national median. Households earn a median of $119,338 a year, 111% higher than the state median.
Affordability
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Madison vs. Mississippi vs. U.S.
| Madison | Mississippi | U.S. | |
|---|---|---|---|
| Median rent | $1,853 | $954 | $1,413 |
| Median home value | $352,900 | $169,800 | $332,700 |
| Median household income | $119,338 | $56,447 | $80,734 |
| Homeownership rate | 94.3% | 70.0% | 65.2% |
| Bachelor's degree or higher | 64.2% | 25.1% | 35.7% |
| Poverty rate | 4.8% | 18.9% | 12.5% |
| Unemployment rate | 2.0% | 5.8% | 5.2% |
| Work from home | 13.9% | 5.9% | 15.1% |
| Median age | 41.7 | 38.6 | 38.9 |
FAQ
What is the average rent in Madison, MS?
The median gross rent in Madison, MS is $1,853 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Madison, MS?
Using the common 30% rule, renting a median-priced home takes about $74,120 a year in gross income.
Is Madison, MS expensive to live in?
Rent there is 31% higher than the U.S. median, and the median home costs about 3.0 times the median household income.
Other cities in Mississippi
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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