Madison County, Illinois

Income Data

+9% vs. Illinois average
$74,800
Median Household Income
$40,869
Per Capita Income

At a Glance

Median Household Income
$74,800
+9% vs. state avg
Per Capita Income
$40,869
+4% vs. national
Income-to-Housing Ratio
44.6%
income as % of home value
Rank in Illinois
#24 / 102
by median household income

How Madison County Compares

Madison County$74,800
Illinois Average$68,580
National Median$74,755

Detailed Income Statistics

$74,800
Median Household Income
$40,869
Per Capita Income
$167,900
Median Home Value
44.6%
Income-to-Housing Ratio

Data Story

About Household Income in Madison County, Illinois

Madison matches the nation's income benchmark

Madison County's median household income of $74,800 sits virtually at the national median of $74,755, placing it squarely in the middle of American earning power. This alignment suggests Madison households earn roughly what typical U.S. families make, though regional cost differences still matter.

Above Illinois average despite lower state ranking

At $74,800, Madison County earns $6,220 more than Illinois's state average of $68,580, ranking it in the upper tier of the state's 102 counties. This solid position reflects a diverse economy and stronger household earnings than most Illinois peers.

Madison leads regional income competition

Madison County outearns neighboring Marshall County ($69,818) and Marion County ($60,839) by $5,000–$14,000 per household. Its per capita income of $40,869 also exceeds the state average of $36,009, signaling stronger individual earning power across the region.

Rent remains affordable on Madison incomes

Madison's rent-to-income ratio of 15.6% means renters spend roughly $975 monthly on housing—well below the 30% affordability threshold. With median home values at $167,900, homeownership is also achievable for median-income families without excessive financial strain.

Build on Madison's stable earning foundation

Madison households earning $74,800 have room to invest beyond housing costs; redirecting just 5% of income into retirement or college savings accounts adds $3,740 annually. Starting an emergency fund and exploring employer retirement plans can accelerate wealth growth in this stable earning environment.

Frequently Asked Questions

What is the median household income in Madison County, Illinois?
The median household income in Madison County, Illinois is $74,800, 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 $40,869, 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 $74,800.
How does Madison County compare to the Illinois average?
Madison County's median household income of $74,800 is higher than the Illinois state average of $68,580. The per capita income is $40,869, compared to the state average of $36,009.
What is the per capita income in Madison County, Illinois?
The per capita income in Madison County, Illinois is $40,869, 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.
Why is Madison County income higher than the Illinois average?
Madison County's median household income of $74,800 is higher than the Illinois average of $68,580. This difference of $6,220 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Madison County rank for income in Illinois?
Madison County ranks #24 out of 102 counties in Illinois by median household income (1 = highest). With a median household income of $74,800 and per capita income of $40,869, it falls in the top third of counties statewide.

Income Comparison Calculator

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County median: $74,800 per year

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vs. State Average

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Income Adequacy

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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.