Cost of Living in Madison County, Ohio

$944/mo
Median Monthly Rent
$231,400
Median Home Value
8% above state averageUnaffordable

At a Glance

Median Monthly Rent
$944/mo
8% above state average
Median Home Value
$231,400
18% below national
Rent-to-Income Ratio
26.0%
% 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$944/mo
Ohio Average$873/mo
National Median$1,163/mo

Detailed Housing Stats

$944/mo
Median Gross Rent
$231,400
Median Home Value
$1,247/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Madison County, Ohio

Madison County rents beat national trends

Madison County renters spend 13.6% of their income on housing—below the national comfort threshold of 15%—and earn $8,474 more annually than the U.S. median. This county outperforms most of America on housing affordability for renters.

Among Ohio's most affordable counties

Madison County's 13.6% rent-to-income ratio ranks well below Ohio's 15.6% state average, placing it in the top tier for rental affordability across the state. Median rent of $944 exceeds the state average by $71, but wages here are strong enough to make it manageable.

Rent advantage over surrounding areas

Madison County's $944 median rent is competitive with neighboring Miami County ($942) but higher than more rural Mercer County ($812). Still, Madison residents earn significantly more than most peers, stretching their affordability advantage further.

Where Madison paychecks go

The typical Madison County household earning $83,229 annually allocates $944 to rent or $1,247 to mortgage payments monthly. Renters spend about 13.6% of income on housing while homeowners spend 18% on mortgage costs, both reasonable by national standards.

Madison County welcomes budget-conscious relocators

If you're considering a move to Ohio, Madison County offers solid affordability paired with above-average incomes—a rare combination. Compare its rental rates and home values against neighboring counties to find your best fit in the region.

Affordability Calculator

See how your income compares to housing costs in Madison County

$

Rent Burden

13.6%

of gross income

Max Housing (28% Rule)

$1,942

per month

Owner Cost Burden

18.0%

of gross income

You can likely afford the median home in Madison County

Median home value is $231,400. Estimated monthly cost: $1,847 vs. your max of $1,942.

Rent Affordability Guide

Your rent-to-income ratio13.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Madison County, Ohio?
Madison County, Ohio has a median monthly rent of $944/mo and a median home value of $231,400. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Madison County?
The median gross rent in Madison County is $944/mo. This is 8% above state average for Ohio.
Is Madison County affordable?
Madison County is rated Unaffordable based on rent-to-income ratio of 26.0%. 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 $944/mo is 8% above state average of $873/mo for Ohio.
What is the median home value in Madison County?
The median home value in Madison County, Ohio is $231,400. This is 18% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Madison County, Ohio? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Madison County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.