Madison County, IN
Comprehensive housing, income, and cost of living data for Madison County, Indiana. Population: 130.5K.
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, IN?
The median home price in Madison County, Indiana is $180.4K. The price-to-income ratio is 2.9x, meaning the median home costs 2.9 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 $46.3K per year to buy the median home in Madison County, IN. Monthly housing costs break down to $912 for mortgage, $94.00 for property tax, and $75.16 for insurance.
What is the property tax rate in Madison County?
The effective property tax rate in Madison County is 0.63%, which comes to approximately $1,128 per year on the median home.
What is the median household income in Madison County?
The median household income in Madison County, Indiana is $62.6K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.1%%.
Is Madison County a good place to live?
Madison County, Indiana has a population of 130.5K. Housing affordability is strong with a price-to-income ratio of 2.9x. The climate averages 52 degrees F with 191 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.