Cost of Living in Madison County, Mississippi

$1,097/mo

Median Monthly Rent

$286,300

Median Home Value

40% above state averageUnaffordable

At a Glance

Median Monthly Rent

$1,097/mo

40% above state average

Median Home Value

$286,300

2% above national

Rent-to-Income Ratio

31.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Madison County Compares

Median monthly rent comparison

Madison County$1,097/mo

Mississippi Average$782/mo

National Median$1,163/mo

Detailed Housing Stats

$1,097/mo

Median Gross Rent

$286,300

Median Home Value

$1,371/mo

Monthly Owner Cost

31.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Madison County, Mississippi

Madison County punches above average

Madison County renters spend 16.7% of income on rent, matching national affordability standards and beating Mississippi's 19.6% state average by 3 percentage points. At $1,097 monthly, Madison rents are the region's highest, yet the county's $78,794 median income—also the strongest here—makes them manageable.

Top tier for Mississippi affordability

Madison County's 16.7% rent-to-income ratio ranks among Mississippi's best, and its $78,794 median household income far exceeds the state norm. This county combines above-average wages with proportionally reasonable housing costs—a rare combination in Mississippi.

Highest wages justify highest rents

Madison's $1,097 rent and $1,371 monthly owner costs are the region's steepest, but the $78,794 median income dwarfs all neighbors—nearly $11,000 more than Lee County's second-place $67,144. That wage premium makes Madison's housing costs proportionally affordable despite their high dollar amounts.

Premium housing, premium incomes balance

Renters allocate 16.7% of their $78,794 income to $1,097 rent—well within healthy affordability bounds—while homeowners paying $1,371 monthly represent 20.9% of income. Both renters and owners enjoy substantial discretionary income after housing, a luxury most Mississippi counties cannot offer.

Madison offers Mississippi's best balance

If you earn above $70,000 and want to relocate within Mississippi, Madison County delivers the state's strongest affordability ratio while supporting higher-wage opportunities. Your housing costs will be higher in absolute dollars, but you'll keep a larger share of your paycheck than nearly anywhere else in the state.

Affordability Calculator

See how your income compares to housing costs in Madison County

Your Annual Household Income

Rent Burden

16.7%

of gross income

Max Housing (28% Rule)

$1,839

per month

Owner Cost Burden

20.9%

of gross income

The median home in Madison County may be a stretch

Median home value is $286,300. Estimated monthly cost: $2,286 vs. your max of $1,839.

Rent Affordability Guide

Your rent-to-income ratio16.7%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Madison County, Mississippi?

Madison County, Mississippi has a median monthly rent of $1,097/mo and a median home value of $286,300. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.

What is the median rent in Madison County?

The median gross rent in Madison County is $1,097/mo. This is 40% above state average for Mississippi.

Is Madison County affordable?

Madison County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Madison County's rent compare to the state average?

Madison County's median rent of $1,097/mo is 40% above state average of $782/mo for Mississippi.

What is the median home value in Madison County?

The median home value in Madison County, Mississippi is $286,300. This is 2% above the national median home value of $281,900.