Madison County, IL
Comprehensive housing, income, and cost of living data for Madison County, Illinois. Population: 265.5K.
Housing & Finance
Demographics & Economics
Racial Demographics
Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.
Climate & Environment
Frequently Asked Questions
What is the median home price in Madison County, IL?
The median home price in Madison County, Illinois is $207.7K. The price-to-income ratio is 2.8x, meaning the median home costs 2.8 times the median household income.
What salary do you need to buy a home in Madison County?
Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $60.3K per year to buy the median home in Madison County, IL. Monthly housing costs break down to $1,050 for mortgage, $269 for property tax, and $86.52 for insurance.
What is the property tax rate in Madison County?
The effective property tax rate in Madison County is 1.56%, which comes to approximately $3,232 per year on the median home.
What is the median household income in Madison County?
The median household income in Madison County, Illinois is $74.8K per year, based on Census Bureau American Community Survey data. The unemployment rate is 5.7%%.
Is Madison County a good place to live?
Madison County, Illinois has a population of 265.5K. Housing affordability is strong with a price-to-income ratio of 2.8x. The climate averages 56 degrees F with 170 sunny days per year. Compare Madison County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.