Cost of Living in Madison County, New York

$891/mo

Median Monthly Rent

$176,800

Median Home Value

21% below state averageUnaffordable

At a Glance

Median Monthly Rent

$891/mo

21% below state average

Median Home Value

$176,800

37% below national

Rent-to-Income Ratio

27.0%

% 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$891/mo

New York Average$1,133/mo

National Median$1,163/mo

Detailed Housing Stats

$891/mo

Median Gross Rent

$176,800

Median Home Value

$1,124/mo

Monthly Owner Cost

27.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Madison County, New York

Madison County punches above affordability average

Renters spend just 14.6% of income on housing, roughly 3 percentage points better than New York's state average of 17.6% and well below national norms. Median rent of $891 per month undercuts the state average by 21%, creating meaningful budget relief for working households.

Upper tier of New York affordability

Madison County ranks solidly among New York's most affordable counties for renters and owners alike, with a rent-to-income ratio that beats the statewide average convincingly. The county's combination of reasonable incomes and modest housing costs keeps it competitive statewide.

Affordable but not the cheapest option

Madison County's $891 rent sits between Lewis County's bargain $821 and Livingston County's $912, though Madison homeowners face slightly steeper costs at $1,124 monthly. The median home value of $176,800 reflects the slightly higher property costs compared to its immediate neighbors.

Income-to-housing ratio works in residents' favor

With median household income of $73,141, residents spend about $10,692 yearly on rent (14.6%) and $13,488 on ownership costs if mortgaged. This leaves a substantial portion of household income for food, transportation, healthcare, and savings—a luxury in many New York markets.

Madison County: affordability meets community

If you're weighing a move within New York, Madison County delivers 21% lower rent than the state average alongside homes priced near $177,000. Compare its 14.6% rent-to-income ratio to your current situation and discover whether this upstate haven aligns with your relocation goals.

Affordability Calculator

See how your income compares to housing costs in Madison County

Your Annual Household Income

Rent Burden

14.6%

of gross income

Max Housing (28% Rule)

$1,707

per month

Owner Cost Burden

18.4%

of gross income

You can likely afford the median home in Madison County

Median home value is $176,800. Estimated monthly cost: $1,411 vs. your max of $1,707.

Rent Affordability Guide

Your rent-to-income ratio14.6%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Madison County, New York?

Madison County, New York has a median monthly rent of $891/mo and a median home value of $176,800. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.

What is the median rent in Madison County?

The median gross rent in Madison County is $891/mo. This is 21% below state average for New York.

Is Madison County affordable?

Madison County is rated Unaffordable based on rent-to-income ratio of 27.0%. 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 $891/mo is 21% below state average of $1,133/mo for New York.

What is the median home value in Madison County?

The median home value in Madison County, New York is $176,800. This is 37% below the national median home value of $281,900.