Median Income
$29,831
household / year
Median Home Value
$74,100
owner-occupied
Median Rent
$824
gross / month
Cost of Living
92
national avg = 100

Is Madison, FL a Good Place to Live?

Madison is a small town of 2,930 in Florida, with a median household income of $29,831 and a 7.0% unemployment rate. Its cost of living index is 92 (US average = 100), which is 8% below the national average.

Strengths: Madison stands out for an affordable cost of living, below-average home prices.

Trade-offs: Potential downsides include longer commutes, an elevated unemployment rate. Whether Madison is right for you depends on your priorities — the full breakdown is below.

All Madison city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 92.5

Madison's overall cost of living index is 92.5, where 100 represents the US national average. Living in Madison costs roughly 8% less than the average American city.

Metric Madison, FL National Avg
Median Home Value $74,100 $244,900
Median Monthly Rent $824 $1,163
Homeownership Rate 47.9% 65.9%
Median Household Income $29,831 $74,755

Crime & Safety

Crime data for Madison is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.

Schools & Education

Madison is served primarily by MADISON. The student-to-teacher ratio is 17.3:1 (slightly above the national average of ~16:1).

Metric Madison, FL National Avg
School District MADISON —
Elementary Schools 5 —
Middle Schools N/A —
High Schools 2 —
Student/Teacher Ratio 17.3:1 16:1
Bachelor's Degree or Higher 14.8% 35.4%
High School Diploma or Higher 78.7% 91.1%

Weather & Climate

Madison sees average highs of 63.0°F in January and 90.9°F in July, with 52.8 inches of annual precipitation .

MetricMadison, FL
Average High — January63.0°F
Average High — July90.9°F
Annual Precipitation52.8"
Annual SnowfallTrace / None

Demographics

MetricMadison, FLNational Avg
Population2,930—
Median Age33.438.9
Unemployment Rate7.0%3.7%
Avg Commute Time31.0 min26 min
White (non-Hispanic)41.2%59.3%
Black or African American52.2%13.6%
Hispanic or Latino6.6%18.9%
Asian0.0%6.3%
Under 1823.8%22.2%
65 and over16.5%16.8%

Nearby Cities

ZIP Codes in Madison

Madison, FL is covered by 1 ZIP code:

Madison vs Other Cities

Frequently Asked Questions

Madison's cost of living index is 92, where 100 is the national average. That makes Madison roughly 8% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $74,100 and median rent is $824/month.
Crime data for Madison is not available in the current FBI UCR reporting year. Not all jurisdictions submit data annually.
Public schools in Madison are operated by MADISON. The district has 5 elementary, several middle, and 2 high schools. The student-to-teacher ratio is 17.3:1. 14.8% of adults 25+ hold a bachelor's degree or higher.
Madison, FL has a population of 2,930, a median household income of $29,831, and an unemployment rate of 7.0%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Madison averages 63.0°F in January and 90.9°F in July. Annual rainfall is 52.8 inches . Based on NOAA 30-year climate normals (1991–2020).
Madison, FL is covered by 1 ZIP code: 32340.
The population of Madison, Florida is 2,930 with a median age of 33.4. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Madison: cost of living index 92 (100 = US average), median home $74,100, median household income $29,831, schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Madison side by side with your current city to see the trade-offs.