Cost of Living in Madison, AL
Population: 58,335 • 2026 Data
$131,436
Median Household Income
+70% vs national
$1,375
Median Monthly Rent
+2% vs national
$367,900
Median Home Value
+9% vs national
2.4%
Unemployment Rate
Housing in Madison
The median home value in Madison, AL is $367,900. Monthly rent for a typical unit averages $1,375, while total monthly housing costs (including utilities and insurance) average $1,500.
Rent-to-income ratio: 12.6%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Madison, AL is $131,436. The unemployment rate stands at 2.4%, with a labor force of 29,587 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.