Living in Madison, Missouri
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 446 residents with a median age of 34.3. The median household income is $44,583 (37% lower than the Missouri median), the median home value is $83,800, the median rent is $713/month.
Madison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madison at a glance
- Population
- 446
- Median age
- 34.3State: 39
- Median household income
- $44,583State: $70,702
- Median home value
- $83,800State: $230,300
- Median rent
- $713/moState: $1,033
- Homeowners
- 69.9%
- Bachelor's degree or higher
- 11.1%
- Average commute
- 31 min
Is Madison a good place to live?
Pros: Home values 64% lower than the state median; unemployment of 1.5%.
Cons: Median household income 37% lower than the Missouri median; an average commute of 31 minutes; a poverty rate of 20.6%.
The weather is best in May–June and August–September.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $83,800, 75% lower than the U.S. median. Renters pay a median of $713 per month, which is 18.5% of household income. Homeowners with a mortgage pay $723 a month in housing costs.
Madison median household income
The median household income in Madison is $44,583 and the income per person is $21,987. 20.6% of residents live below the poverty line (Missouri: 12.6%).
Housing in Madison: homes for sale and rent
- Housing units
- 231
- Owner-occupied
- 69.9%
- Renter-occupied
- 30.1%
- Vacant
- 20.8%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.44
Madison demographics
- Population
- 446
- Median age
- 34.3
- Under 18
- 28.3%
- 65 and older
- 18.2%
- Households
- 183
- Foreign-born
- 1.8%
- Veterans
- 9.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
11.1% of adults 25 and older in Madison have a bachelor's degree or higher (Missouri: 32.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 1.5%State: 4%
- Average commute
- 31 minState: 24 min
- Work from home
- 3.1%
- Drive alone
- 90.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.2%
Madison vs nearby towns
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, MO?
The median household income in Madison is $44,583, 37% lower than the Missouri median of $70,702 (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 $83,800, compared with $230,300 in Missouri.
How much is rent in Madison?
The median gross rent in Madison is $713 per month, about 18.5% of household income.
Is Madison, MO a good place to live?
Pluses: home values 64% lower than the state median; unemployment of 1.5%. Minuses: median household income 37% lower than the Missouri median; an average commute of 31 minutes; a poverty rate of 20.6%.
What is the median age in Madison?
The median age in Madison is 34.3 years (Missouri: 39).
How long is the commute in Madison?
The average commute to work in Madison is 31 minutes; 3.1% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
11.1% 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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