Cost of Living in Madisonville, KY
Population 19,442 · Kentucky · Data vintage 2023
(100 = US avg)
Madisonville is a smaller Kentucky community of around 19000 residents, where median household incomes of $56,902 and housing costs ($152,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 7.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Geographically, Madisonville is about 45 miles south of Evansville, the nearest large metro. Median home values run roughly 18% higher than Evansville's $129,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Madisonville
The median home value in Madisonville is $152,300 — 50% below the national median of $305,000. Median rent runs $860/month, 35% lower than the national median of $1,314/month. The median household income of $56,902/year is 24% lower than the US median of $74,580. The local unemployment rate is 7.8%, above the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Madisonville has a cost of living index of 56 versus the US average of 100, meaning it is 44% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Madisonville, KY?
Madisonville has a cost index of 56 (100 = national average). It is 44% below the national average.
What is average rent in Madisonville, KY?
The median gross rent in Madisonville is $860 per month based on 2023 Census data.
What is the average home price in Madisonville?
The median home value in Madisonville is $152,300 according to Zillow and Census data.
What is the median income in Madisonville?
The median household income in Madisonville is $56,902 per year (2023 ACS 5-year estimates).
What is the sales tax in Madisonville, KY?
The combined state and local sales tax rate in Madisonville is 6.0%. The Kentucky state income tax top rate is 4.0%.
Is Madisonville, KY affordable?
Yes, Madisonville is generally considered affordable, with a cost of living index of 56 — about 44% below the US national average of 100.
Madisonville at a Glance
- Population
- 19,442
- Median Income
- $56,902
- Home Value
- $152,300
- Median Rent
- $860/mo
- Unemployment
- 7.8%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Kentucky Rankings
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