Madison County, Florida
Income Data
At a Glance
How Madison County Compares
Detailed Income Statistics
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
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Income Comparison Calculator
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Your income is above the Madison County median
County median: $48,176 per year
vs. County Median
+0%
vs. State Average
-26%
vs. National Median
-36%
Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.