Cost of Living in Madison County, Kentucky
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, Kentucky
Madison rents strain less than nation
Madison County residents spend 16.4% of their income on rent, beating the national trend where affordability pressures mount. This modest advantage reflects a median household income of $62,407 against a national median of $74,755—lower wages offset by lower housing costs.
Among Kentucky's most affordable
Madison County ranks well for housing affordability within Kentucky, with a rent-to-income ratio of 16.4% compared to the state average of 17.0%. At $851 monthly rent versus Kentucky's median of $771, the county shows that income levels make the difference.
Competitive with nearby counties
Madison's $851 median rent sits between Marion County ($731) and McCracken County ($861), positioning it squarely in the regional middle. The $62,407 median income keeps affordability in line with similarly-sized Appalachian Kentucky communities.
Rent and ownership both stable
Madison renters allocate $851 monthly while owners pay $1,075, both amounts consuming about 16-17% of the $62,407 median household income. The median home value of $220,700 reflects a balanced housing market neither inflated nor depressed.
Consider Madison for balanced living
If you're relocating from higher-cost regions, Madison offers genuine affordability without sacrificing access to homeownership—median homes under $225k and rents below $900. Compare these figures to Marion ($731 rent) or Marshall ($773 rent) if you prioritize lower monthly costs.
Affordability Calculator
See how your income compares to housing costs in Madison County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$1,456
per month
Owner Cost Burden
20.7%
of gross income
The median home in Madison County may be a stretch
Median home value is $220,700. Estimated monthly cost: $1,762 vs. your max of $1,456.
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.