Counties › Idaho

Cost of Living in Madison County, ID

Population 54,618 · Census ACS 2020–2024 5-year estimates

Median rent$1,014
Median home value$414,800
Median household income$60,160

The median rent in Madison County, ID is $1,014/month, 18% lower than the Idaho median and 28% lower than the U.S. median. The median home value is $414,800, 25% higher than the national median. Households earn a median of $60,160 a year, 23% lower than the state median.

Affordability

Rent as a share of median income: 20.2%
Income needed for median rent (30% rule): $40,560/yr
Home price-to-income ratio: 6.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $2,097/mo

Run your own numbers: mortgage calculator · hourly to salary

Madison County vs. Idaho vs. U.S.

Madison CountyIdahoU.S.
Median rent$1,014$1,238$1,413
Median home value$414,800$418,600$332,700
Median household income$60,160$77,800$80,734
Homeownership rate40.2%72.1%65.2%
Bachelor's degree or higher41.8%31.8%35.7%
Poverty rate24.5%10.6%12.5%
Unemployment rate8.3%3.7%5.2%
Work from home13.3%13.3%15.1%
Median age21.437.338.9

FAQ

What is the average rent in Madison County, ID?

The median gross rent in Madison County, ID is $1,014 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Madison County, ID?

Using the common 30% rule, renting a median-priced home takes about $40,560 a year in gross income.

Is Madison County, ID expensive to live in?

Rent there is 28% lower than the U.S. median, and the median home costs about 6.9 times the median household income.

Other counties in Idaho

Ada County, IDRent $1,577 · Income $91,502Canyon County, IDRent $1,347 · Income $76,488Kootenai County, IDRent $1,492 · Income $81,861Bonneville County, IDRent $1,133 · Income $79,068Twin Falls County, IDRent $1,089 · Income $67,409Bannock County, IDRent $960 · Income $66,499

Counties with a similar cost of living

Simpson County, KYRent $1,012 · Income $59,858Scurry County, TXRent $1,020 · Income $60,039Waynesboro city, VARent $1,020 · Income $59,994Thomas County, GARent $1,018 · Income $60,736Valencia County, NMRent $1,015 · Income $58,933Cochise County, AZRent $995 · Income $59,742

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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