Cost of Living in Madison County, NC

What does it cost to live in Madison County? Income, housing, and affordability breakdown.

Median Income

$56,664

Median Rent

$760/mo

Median Home

$236,300

Affordability

342

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,195
Property Tax$106
Insurance$79

Total Monthly$1,380
% of Income29.2%

Renting

Median Rent$760
Renter's Insurance$25

Total Monthly$785
% of Income16.1%

Living in Madison County, North Carolina

Madison County has a median household income of $56,664 with housing costs that represent 29.2% of income for owners and 16.1% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 342 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Family and education

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.