Madison County, Florida

Income Data

-26% vs. Florida average
$48,176
Median Household Income
$23,670
Per Capita Income

At a Glance

Median Household Income
$48,176
-26% vs. state avg
Per Capita Income
$23,670
-40% vs. national
Income-to-Housing Ratio
45.5%
income as % of home value
Rank in Florida
#59 / 67
by median household income

How Madison County Compares

Madison County$48,176
Florida Average$65,468
National Median$74,755

Detailed Income Statistics

$48,176
Median Household Income
$23,670
Per Capita Income
$105,900
Median Home Value
45.5%
Income-to-Housing Ratio

Data Story

About Household Income in Madison County, Florida

Madison County substantially below national median

Madison County's median household income of $48,176 falls about 36% below the U.S. median of $74,755, the lowest on this list. The county's per capita income of $23,670 reflects limited economic opportunities and lower wages across the board.

Lowest income county in this analysis

At $48,176, Madison County's median household income ranks roughly $17,300 below Florida's state average of $65,468. The county sits at the very bottom of Florida's income distribution among all 67 counties.

Struggling rural economy limits options

Madison County's $48,176 median income trails every other county in this analysis, including Liberty ($53,824) and Levy ($53,805). The county's remote location, small population, and agriculture-dependent economy restrict job availability and wage growth.

Housing is deeply affordable here

With a rent-to-income ratio of 20.4%, Madison residents spend about one-fifth of earnings on housing—excellent affordability. The median home value of just $105,900 is highly accessible, offering one of the lowest barriers to homeownership in Florida.

Maximize limited resources strategically

Madison County residents can build wealth through aggressive savings rates and employer retirement plans, even with constrained incomes. The county's extremely affordable housing provides a foundation for equity building and intergenerational wealth creation.

Frequently Asked Questions

What is the median household income in Madison County, Florida?
The median household income in Madison County, Florida is $48,176, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Madison County?
The per capita income in Madison County is $23,670, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $48,176.
How does Madison County compare to the Florida average?
Madison County's median household income of $48,176 is lower than the Florida state average of $65,468. The per capita income is $23,670, compared to the state average of $35,698.
What is the per capita income in Madison County, Florida?
The per capita income in Madison County, Florida is $23,670, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Madison County a low-income area in Florida?
Madison County's median household income of $48,176 is below the Florida average of $65,468. The per capita income of $23,670 is also lower than the state average of $35,698. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Madison County rank for income in Florida?
Madison County ranks #59 out of 67 counties in Florida by median household income (1 = highest). With a median household income of $48,176 and per capita income of $23,670, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Madison County

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Your income is above the Madison County median

County median: $48,176 per year

vs. County Median

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vs. State Average

-26%

vs. National Median

-36%

vs. Madison County MedianAbout equal
vs. Florida Average26% below
vs. National Median36% below

Income Adequacy

Monthly income covers median rent4.9x

Your monthly income ($4,015) vs. median rent ($819/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.