Madison County, Illinois
Income Data
At a Glance
How Madison County Compares
Detailed Income Statistics
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
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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.