Cost of Living in Madison County, Virginia
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, Virginia
Madison offers strong affordability to earners
With a rent-to-income ratio of 15.2%, Madison County households spend significantly less on rent relative to income than the national average, providing genuine breathing room in budgets. A median household income of $82,972 exceeds the national median of $74,755 by $8,217, positioning residents well above the national norm.
Virginia's most affordable for income earners
Madison's rent-to-income ratio of 15.2% ranks among the lowest in Virginia, well below the state average of 18.6%, reflecting both reasonable rents and strong household earnings. This combination makes Madison one of the state's standout affordability markets for those with above-average incomes.
Higher costs, higher incomes, better balance
Madison's $1,048 rent slightly exceeds some rural neighbors like Lunenburg ($780) but underbids Mathews County ($1,108); the real advantage is Madison's $82,972 median income, which outpaces all peer counties. This income-to-cost ratio is the county's true strength.
Madison's housing expense details
Renters allocate just 15.2% of their earnings to rent, while homeowners dedicate about 17.3% to mortgage payments on homes valued around $331,400. Both figures remain comfortably within national recommendations for housing cost burden.
Madison attracts high-income transplants
If you earn above $80,000 and seek a balanced housing market with strong incomes and manageable costs, Madison County delivers. Its combination of reasonable rents, substantial home values, and robust household earnings makes it ideal for professionals relocating from pricier metros.
Affordability Calculator
See how your income compares to housing costs in Madison County
Rent Burden
15.2%
of gross income
Max Housing (28% Rule)
$1,936
per month
Owner Cost Burden
17.3%
of gross income
The median home in Madison County may be a stretch
Median home value is $331,400. Estimated monthly cost: $2,646 vs. your max of $1,936.
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.