Madison County, New York
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Madison County Compares
Detailed Income Statistics
Income Advisory: Madison County
Income Verdict
Madison County has a median household income of $73,141 and per capita income of $39,904 — a gap of $33,237, suggesting a typical mix of dual-income and single-earner households.
Housing Affordability
With median gross rent at $891/month and a median household income of $73,141, rent consumes approximately 14.6% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $73,141 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $39,904 is in line with national norms for individual earners.
Neighbor Context
Madison County earns approximately 4.3% below the New York state median household income of $76,433.
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
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Income Comparison Calculator
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Your income is above the Madison County median
County median: $73,141 per year
vs. County Median
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vs. State Average
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vs. National Median
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Income Adequacy
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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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.