Living in Madison, Florida
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 2,967 residents with a median age of 31.2. The median household income is $30,673 (59% lower than the Florida median), the median home value is $78,500, the median rent is $887/month.
Madison at a glance
- Population
- 2,967
- Median age
- 31.2State: 42.6
- Median household income
- $30,673State: $74,568
- Median home value
- $78,500State: $359,000
- Median rent
- $887/moState: $1,669
- Homeowners
- 39.4%
- Bachelor's degree or higher
- 13.6%
- Average commute
- 39 min
Is Madison a good place to live?
Pros: Home values 78% lower than the state median; unemployment of 1.2%.
Cons: Median household income 59% lower than the Florida median; an average commute of 39 minutes; a poverty rate of 34.8%.
The weather is best in March–April and October–November.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $78,500, 76% lower than the U.S. median. Renters pay a median of $887 per month, which is 34% of household income. Homeowners with a mortgage pay $715 a month in housing costs.
Madison median household income
The median household income in Madison is $30,673 and the income per person is $21,629. 34.8% of residents live below the poverty line (Florida: 12.6%).
Housing in Madison: homes for sale and rent
- Housing units
- 1,408
- Owner-occupied
- 39.4%
- Renter-occupied
- 60.6%
- Vacant
- 12.6%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 2.30
Madison demographics
- Population
- 2,967
- Median age
- 31.2
- Under 18
- 30.1%
- 65 and older
- 11.8%
- Households
- 1,231
- Foreign-born
- 1.6%
- Veterans
- 6.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
13.6% of adults 25 and older in Madison have a bachelor's degree or higher (Florida: 34.1%), and 6.2% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 1.2%State: 4.8%
- Average commute
- 39 minState: 28 min
- Work from home
- 1.1%
- Drive alone
- 66.3%
- Public transit
- 0.2%
- Walk to work
- 7%
- Homes with broadband
- 72.6%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 2,967 | $30,673 | $78,500 | $887 |
| Lee | 835 | $46,264 | $97,900 | $773 |
| Greenville | 1,650 | $70,125 | $63,200 | $682 |
| Lake Park | 1,234 | $51,813 | $258,100 | $797 |
| Jennings | 1,164 | $23,243 | $71,800 | $812 |
| Dasher | 944 | $65,703 | $207,500 | $1,008 |
| Quitman | 4,062 | $19,324 | $110,700 | $691 |
| Remerton | 1,280 | $26,824 | — | $932 |
| Perry | 7,068 | $40,898 | $150,500 | $986 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, FL?
The median household income in Madison is $30,673, 59% lower than the Florida median of $74,568 (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 $78,500, compared with $359,000 in Florida.
How much is rent in Madison?
The median gross rent in Madison is $887 per month, about 34% of household income.
Is Madison, FL a good place to live?
Pluses: home values 78% lower than the state median; unemployment of 1.2%. Minuses: median household income 59% lower than the Florida median; an average commute of 39 minutes; a poverty rate of 34.8%.
What is the median age in Madison?
The median age in Madison is 31.2 years (Florida: 42.6).
How long is the commute in Madison?
The average commute to work in Madison is 39 minutes; 1.1% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 1.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
13.6% 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.
Last updated: