Living in Madisonville, Tennessee
Cost of living, income, home prices, rent and demographics of Madisonville · Census data 2020–2024
Madisonville has 5,241 residents with a median age of 41.9. The median household income is $39,878 (43% lower than the Tennessee median), the median home value is $234,400, the median rent is $726/month.
Madisonville at a glance
- Population
- 5,241
- Median age
- 41.9State: 38.9
- Median household income
- $39,878State: $69,595
- Median home value
- $234,400State: $286,700
- Median rent
- $726/moState: $1,189
- Homeowners
- 60%
- Bachelor's degree or higher
- 15.4%
- Average commute
- 24 min
Is Madisonville a good place to live?
Pros: Home values 18% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 43% lower than the Tennessee median; unemployment of 6.8%; a poverty rate of 18.1%.
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 $234,400, 30% lower than the U.S. median. Renters pay a median of $726 per month, which is 29.4% of household income. Homeowners with a mortgage pay $1,243 a month in housing costs.
Madisonville median household income
The median household income in Madisonville is $39,878 and the income per person is $24,123. 18.1% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Madisonville: homes for sale and rent
- Housing units
- 2,286
- Owner-occupied
- 60%
- Renter-occupied
- 40%
- Vacant
- 2.6%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 2.20
Madisonville demographics
- Population
- 5,241
- Median age
- 41.9
- Under 18
- 18.3%
- 65 and older
- 22.2%
- Households
- 2,227
- Foreign-born
- 1.2%
- Veterans
- 3.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Madisonville ›
Education in Madisonville
15.4% of adults 25 and older in Madisonville have a bachelor's degree or higher (Tennessee: 31.1%), and 5.6% have a graduate or professional degree.
Jobs and commute in Madisonville
- Unemployment rate
- 6.8%State: 4.7%
- Average commute
- 24 minState: 26 min
- Work from home
- 6.1%
- Drive alone
- 84.3%
- Public transit
- 0.1%
- Walk to work
- 2.9%
- Homes with broadband
- 80.7%
Madisonville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madisonville | 5,241 | $39,878 | $234,400 | $726 |
| Kahite | 892 | $119,286 | $667,900 | — |
| Sweetwater | 6,532 | $45,451 | $178,400 | $619 |
| Vonore | 2,191 | $58,317 | $290,900 | $1,086 |
| Englewood | 1,818 | $51,094 | $140,000 | $763 |
| Rarity Bay | 757 | $84,861 | $706,000 | $1,598 |
| Niota | 735 | $61,528 | $156,300 | $1,007 |
| Philadelphia | 684 | $68,679 | $105,600 | $930 |
| Tellico Plains | 1,146 | $45,625 | $187,500 | $639 |
More for people moving to Madisonville
Madisonville ZIP code ›Weather and climate ›Living in Madisonville: FAQ
What is the median household income in Madisonville, TN?
The median household income in Madisonville is $39,878, 43% lower than the Tennessee median of $69,595 (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 $234,400, compared with $286,700 in Tennessee.
How much is rent in Madisonville?
The median gross rent in Madisonville is $726 per month, about 29.4% of household income.
Is Madisonville, TN a good place to live?
Pluses: home values 18% lower than the state median; an average commute of 24 minutes. Minuses: median household income 43% lower than the Tennessee median; unemployment of 6.8%; a poverty rate of 18.1%.
What is the median age in Madisonville?
The median age in Madisonville is 41.9 years (Tennessee: 38.9).
How long is the commute in Madisonville?
The average commute to work in Madisonville is 24 minutes; 6.1% of workers work from home.
What is the unemployment rate in Madisonville?
The unemployment rate in Madisonville is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madisonville?
15.4% 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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