Cost of Living in Madison County, Mississippi
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 #2,686 of 3,142 counties for affordability (bottom 15%)
Sourced county brief
Madison County Median Home Value Reaches 311,100 Dollars
The median home value in Madison County was estimated at $311,100, based on ACS 2020-2024 5-Year Estimates. This figure is significantly higher than the Mississippi unweighted county mean of $135,817. Correspondingly, median selected monthly owner costs for all owner-occupied units were $1,397, compared to the state unweighted county mean of $676. For renter-occupied units, the median gross rent was $1,186 per month, which is above the state unweighted county mean of $805. The official Gross Rent as a Percentage of Household Income (GRAPI) was 31.2%, which differs from the state unweighted county mean of 29.5% by 1.7 percentage points. The median income for renter households in the county was recorded at $42,320. These metrics offer a snapshot of local housing expenditures. 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 31.2% of renter household income in Madison County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,186 per month; median selected monthly owner costs are $1,397. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $47,440 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 Mississippi unweighted mean of county median rents is $805 per month. Madison County's $1,186 median is 47.3% 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
17.1%
of gross income
Max Housing (28% Rule)
$1,947
per month
Owner Cost Burden
20.1%
of gross income
The median home in Madison County may be a stretch
Median home value is $311,100. Estimated monthly cost: $2,484 vs. your max of $1,947.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Madison County, Mississippi?
What is the median rent in Madison County?
Is Madison County affordable?
How does Madison County's rent compare to the state average?
What is the median home value in Madison County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Madison County, Mississippi? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Madison County
Whether you're buying in Madison County, Mississippi, or refinancing, compare rates from top lenders using the terms each lender provides.
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.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.