Living in Madisonville, Kentucky
Cost of living, income, home prices, rent and demographics of Madisonville · Census data 2020–2024
Madisonville has 19,515 residents with a median age of 38.3. The median household income is $53,860 (15% lower than the Kentucky median), the median home value is $164,100, the median rent is $838/month.
Madisonville at a glance
- Population
- 19,515
- Median age
- 38.3State: 39.1
- Median household income
- $53,860State: $63,726
- Median home value
- $164,100State: $205,600
- Median rent
- $838/moState: $967
- Homeowners
- 63.3%
- Bachelor's degree or higher
- 23.6%
- Average commute
- 18 min
Is Madisonville a good place to live?
Pros: Home values 20% lower than the state median; an average commute of 18 minutes.
Cons: Median household income 15% lower than the Kentucky median; unemployment of 6.9%; a poverty rate of 23.3%.
The weather is best in April–May and September–October.
Cost of living in Madisonville
Housing is the biggest part of the cost of living. In Madisonville the median home value is $164,100, 51% lower than the U.S. median. Renters pay a median of $838 per month, which is 30.6% of household income. Homeowners with a mortgage pay $1,153 a month in housing costs.
Madisonville median household income
The median household income in Madisonville is $53,860 and the income per person is $29,244. 23.3% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Madisonville: homes for sale and rent
- Housing units
- 9,565
- Owner-occupied
- 63.3%
- Renter-occupied
- 36.7%
- Vacant
- 13.5%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.27
Madisonville demographics
- Population
- 19,515
- Median age
- 38.3
- Under 18
- 23.3%
- 65 and older
- 19.3%
- Households
- 8,271
- Foreign-born
- 3.6%
- Veterans
- 3.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Madisonville ›
Education in Madisonville
23.6% of adults 25 and older in Madisonville have a bachelor's degree or higher (Kentucky: 27.6%), and 11.4% have a graduate or professional degree.
Jobs and commute in Madisonville
- Unemployment rate
- 6.9%State: 4.9%
- Average commute
- 18 minState: 24 min
- Work from home
- 4.5%
- Drive alone
- 85.7%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 92.4%
Madisonville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madisonville | 19,515 | $53,860 | $164,100 | $838 |
| Earlington | 1,084 | $38,194 | $64,000 | $680 |
| Hanson | 958 | $95,903 | $141,500 | $950 |
| Nebo | 217 | $49,844 | $95,000 | $967 |
| Slaughters | 175 | $35,625 | $72,100 | $1,208 |
| St. Charles | 293 | $44,688 | $55,700 | $738 |
| Nortonville | 904 | $55,844 | $69,000 | $857 |
| White Plains | 1,021 | $35,625 | $85,700 | $800 |
| Sacramento | 317 | $34,107 | $75,300 | $382 |
More for people moving to Madisonville
Madisonville ZIP code ›Weather and climate ›Living in Madisonville: FAQ
What is the median household income in Madisonville, KY?
The median household income in Madisonville is $53,860, 15% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Madisonville?
The median home value in Madisonville is $164,100, compared with $205,600 in Kentucky.
How much is rent in Madisonville?
The median gross rent in Madisonville is $838 per month, about 30.6% of household income.
Is Madisonville, KY a good place to live?
Pluses: home values 20% lower than the state median; an average commute of 18 minutes. Minuses: median household income 15% lower than the Kentucky median; unemployment of 6.9%; a poverty rate of 23.3%.
What is the median age in Madisonville?
The median age in Madisonville is 38.3 years (Kentucky: 39.1).
How long is the commute in Madisonville?
The average commute to work in Madisonville is 18 minutes; 4.5% of workers work from home.
What is the unemployment rate in Madisonville?
The unemployment rate in Madisonville is 6.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madisonville?
23.6% of adults in Madisonville 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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