C

Madison, IN

Source:

Affordability Score: 59/100

Population: 21,944 · 1 ZIP codes

The affordability dashboard for Madison, IN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 21,944 residents, then layers in county-level federal data to produce an overall grade of C (59/100). The headline inputs are median household income of $61,284, median home value of $196,600, median rent of $892 per month, and 21.0% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $971 per month (studio $669, 1BR $818, 3BR $1,201, 4BR $1,524).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Madison, IN include rent. Pressure points are education. Unemployment currently reads 3.3% and poverty 13.1% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income D
$61,284
Median household income
Education F
21.0%
Bachelor's degree or higher
Housing C+
3.2x
Home value $196,600 vs income
Commute B
21 min
Average commute time
Rent A-
$971/mo
2BR fair market rent (19% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$61,284
▼ 1% vs national
Per Capita Income
$33,728
Unemployment Rate
3.3%
Poverty Rate
13.1%

Housing

Median Home Value
$196,600
▼ 29% vs national
Median Rent
$892/mo
Owner Occupied
69.2%
2BR Fair Market Rent
$971/mo
▼ 19% vs national

Fair Market Rents by Bedroom

Studio
$669
1BR
$818
2BR
$971
3BR
$1,201
4BR
$1,524

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
21.0%
▼ 9 ppt vs national
High School+
57.6%
Median Age
43.2
Avg. Commute
21 min
▼ 5 min vs national

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

Madison, IN receives an overall affordability grade of C (59/100), aggregated from 1 ZIP codes with a total population of 21,944. This area performs well in rent. Challenges include education. Data was unavailable for safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Madison ZIP Codes
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What are common questions about this dashboard?

Is Madison, IN affordable?
Madison, IN receives an overall affordability grade of C (59/100) based on Census, HUD, FBI, and DOL data. Median household income is $61,284. Median home value is $196,600.
What is the cost of living in Madison?
Key cost metrics: Median rent $892/mo. 2BR fair market rent $971/mo. Median home value $196,600.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →