Cost of Living in Madison County, Indiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Madison County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Madison County ranks #1,889 of 3,142 counties for affordability (bottom 40%)
Sourced county brief
Madison County Median Gross Rent Percentage Exceeds Indiana County Average
In Madison County, Indiana, the official median gross rent as a percentage of household income is 29.6%. This figure, which is the official ACS B25071 estimate, is 2.7 percentage points higher than the Indiana unweighted county mean of 26.9%. The median gross rent for the county was estimated at $939 per month, which is $28 above the state's unweighted county mean of $911. For homeowners, the median selected monthly owner costs for all owner-occupied units were $889, while the Indiana unweighted county mean for this metric was $951. The median home value in Madison County is $161,300, which is below the unweighted county mean of $191,899 across the state. Renter-household median income in the county was estimated at $36,650. This snapshot analysis utilizes American Community Survey 5-Year Estimates to describe housing costs and median income levels without providing causal explanations or market forecasts. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Madison County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.6% of renter household income in Madison County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $939 per month; median selected monthly owner costs are $889. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $37,560 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Indiana unweighted mean of county median rents is $911 per month. Madison County's $939 median is 3.1% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Madison County
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$1,471
per month
Owner Cost Burden
16.9%
of gross income
You can likely afford the median home in Madison County
Median home value is $161,300. Estimated monthly cost: $1,288 vs. your max of $1,471.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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