Living in Madison, Arkansas
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 476 residents with a median age of 56.6. The median household income is $55,893 (8% lower than the Arkansas median), the median home value is $120,400, the median rent is $725/month.
Madison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madison at a glance
- Population
- 476
- Median age
- 56.6State: 38.5
- Median household income
- $55,893State: $60,773
- Median home value
- $120,400State: $188,000
- Median rent
- $725/moState: $947
- Homeowners
- 71.2%
- Bachelor's degree or higher
- 22%
- Average commute
- 28 min
Is Madison a good place to live?
Pros: Home values 36% lower than the state median.
Cons: Median household income 8% lower than the Arkansas median; an average commute of 28 minutes; unemployment of 7.7%; a poverty rate of 24.2%.
The weather is best in April–May and September–October.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $120,400, 64% lower than the U.S. median. Renters pay a median of $725 per month, which is 21.8% of household income. Homeowners with a mortgage pay $781 a month in housing costs.
Madison median household income
The median household income in Madison is $55,893 and the income per person is $33,567. 24.2% of residents live below the poverty line (Arkansas: 16%).
Housing in Madison: homes for sale and rent
- Housing units
- 330
- Owner-occupied
- 71.2%
- Renter-occupied
- 28.8%
- Vacant
- 33.6%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.17
33.6% of homes are vacant most of the year, a sign that Madison has many vacation and second homes.
Madison demographics
- Population
- 476
- Median age
- 56.6
- Under 18
- 10.1%
- 65 and older
- 33.4%
- Households
- 219
- Foreign-born
- 0%
- Veterans
- 15.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
22% of adults 25 and older in Madison have a bachelor's degree or higher (Arkansas: 25.7%), and 12.1% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 7.7%State: 4.9%
- Average commute
- 28 minState: 23 min
- Work from home
- 5.2%
- Drive alone
- 94.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 78.5%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 476 | $55,893 | $120,400 | $725 |
| Widener | 238 | $45,938 | $41,800 | $563 |
| Forrest City | 12,646 | $35,689 | $92,000 | $805 |
| Caldwell | 441 | $68,375 | $123,500 | $740 |
| Colt | 510 | $22,188 | $93,800 | $711 |
| Palestine | 800 | $36,090 | $67,900 | $758 |
| Wynne | 8,120 | $43,250 | $141,100 | $760 |
| Hughes | 886 | $43,250 | $69,800 | $389 |
| Marianna | 3,417 | $20,138 | $81,700 | $660 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, AR?
The median household income in Madison is $55,893, 8% lower than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Madison?
The median home value in Madison is $120,400, compared with $188,000 in Arkansas.
How much is rent in Madison?
The median gross rent in Madison is $725 per month, about 21.8% of household income.
Is Madison, AR a good place to live?
Pluses: home values 36% lower than the state median. Minuses: median household income 8% lower than the Arkansas median; an average commute of 28 minutes; unemployment of 7.7%; a poverty rate of 24.2%.
What is the median age in Madison?
The median age in Madison is 56.6 years (Arkansas: 38.5).
How long is the commute in Madison?
The average commute to work in Madison is 28 minutes; 5.2% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 7.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
22% of adults in Madison have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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