Cost of Living in Madison County, Florida
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Madison County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Madison County, Florida
Madison County punches above affordability weight
Madison County's 20.4% rent-to-income ratio sits comfortably below the national average, delivering genuine affordability despite modest household incomes of $48,176. At $819 monthly rent, Madison offers exceptional value for renters seeking low housing costs.
Among Florida's most affordable options
Madison County's 20.4% rent-to-income ratio ranks notably below Florida's average of 22.5%, placing it among the state's most budget-friendly communities. This rural Panhandle county maintains some of Florida's lowest housing costs relative to income.
The rural affordability champion
Madison County's $819 median rent represents the lowest in this region, matching Levy County ($826) while exceeding both in pure affordability ratio terms. With the lowest median household income at $48,176, Madison's renters must be disciplined, but housing costs remain genuinely manageable at 20.4% of earnings.
Modest incomes, modest housing costs
Madison County renters spend $819 monthly (20.4% of income), while homeowners pay $572 for median homes valued at just $105,900. Both groups benefit from exceptionally low housing costs, though modest household incomes ($48,176) require careful overall budgeting beyond housing.
Madison County: maximum affordability, simple life
Madison County delivers Florida's lowest combination of housing costs and home values ($105,900), with renters spending just 20.4% of income on housing. This Panhandle community suits those prioritizing affordability and rural simplicity, though lower household incomes mean overall financial resources remain modest despite housing advantages.
Affordability Calculator
See how your income compares to housing costs in Madison County
Rent Burden
20.4%
of gross income
Max Housing (28% Rule)
$1,124
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Madison County
Median home value is $105,900. Estimated monthly cost: $845 vs. your max of $1,124.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.