Madison County, New York

Income Data

-4% vs. New York average
$73,141
Median Household Income
$39,904
Per Capita Income

At a Glance

Median Household Income
$73,141
-4% vs. state avg
Per Capita Income
$39,904
+1% vs. national
Income-to-Housing Ratio
41.4%
income as % of home value
Rank in New York
#24 / 62
by median household income

How Madison County Compares

Madison County$73,141
New York Average$76,433
National Median$74,755

Detailed Income Statistics

$73,141
Median Household Income
$39,904
Per Capita Income
$176,800
Median Home Value
41.4%
Income-to-Housing Ratio

Data Story

About Household Income in Madison County, New York

Madison County meets national income standards

Madison County's median household income of $73,141 sits just $1,614 below the national median of $74,755, placing it squarely in the middle of American counties. This near-parity reflects the county's balanced mix of agriculture, education, and small manufacturing.

Below New York average but stable

At $73,141, Madison County trails New York's state average of $76,433 by $3,292, ranking in the middle of the state's 62 counties. Colgate University's presence provides a base of professional jobs and institutional stability for the local economy.

Madison leads surrounding rural counties

Madison County's $73,141 income outpaces Lewis County ($68,329) by $4,812 and edges ahead of Niagara County ($67,809) by $5,332. This leadership reflects the college town anchor and stronger regional labor market connectivity.

Affordability index favors homeowners

Madison County's rent-to-income ratio of 14.6% demonstrates strong affordability, with median home values at $176,800—well within reach for median-income households. Families here enjoy the security of owning a home without stretched finances.

College-town stability supports long-term planning

Madison County's institutional anchors and relatively low housing burden create an ideal environment for wealth building through homeownership and retirement savings. Local families should leverage affordable housing to build equity while exploring education-linked career development opportunities.

Frequently Asked Questions

What is the median household income in Madison County, New York?
The median household income in Madison County, New York is $73,141, 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 $39,904, 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 $73,141.
How does Madison County compare to the New York average?
Madison County's median household income of $73,141 is lower than the New York state average of $76,433. The per capita income is $39,904, compared to the state average of $41,133.
What is the per capita income in Madison County, New York?
The per capita income in Madison County, New York is $39,904, 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 New York?
Madison County's median household income of $73,141 is below the New York average of $76,433. The per capita income of $39,904 is also lower than the state average of $41,133. 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 New York?
Madison County ranks #24 out of 62 counties in New York by median household income (1 = highest). With a median household income of $73,141 and per capita income of $39,904, it falls in the middle third of counties statewide.

Income Comparison Calculator

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County median: $73,141 per year

vs. County Median

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vs. State Average

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vs. National Median

-2%

vs. Madison County MedianAbout equal
vs. New York Average4% below
vs. National Median2% below

Income Adequacy

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Your monthly income ($6,095) vs. median rent ($891/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.