Cost of Living in Madison, OH
Population 3,427 · Ohio · Data vintage 2023
(100 = US avg)
Housing costs in Madison stay well under national norms: a median home value of $191,000 against median household incomes of $95,313 gives the city one of the more comfortable price-to-income ratios in Ohio. The labor market has been unusually tight, with unemployment around 2.0% — below most comparable cities in the state.
Madison is about 40 miles northeast of Cleveland, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 103% higher than Cleveland's $94,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Madison
The median home value in Madison is $190,900 — 37% below the national median of $305,000. Median rent runs $888/month, 32% lower than the national median of $1,314/month. The median household income of $95,313/year is 28% higher than the US median of $74,580. The local unemployment rate is 2.0%, below the national average of 4.8%. Ohio's top state income tax rate is 3.8% and the combined sales tax is 7.2%. The climate averages highs of 58.2°F and lows of 39.5°F. Overall, Madison has a cost of living index of 65 versus the US average of 100, meaning it is 35% less expensive.
Madison has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 36 | 44 | 58 | 69 | 77 | 81 | 79 | 73 | 61 | 49 | 38 |
| Low °F | 19 | 19 | 26 | 36 | 46 | 55 | 60 | 58 | 52 | 42 | 34 | 26 |
| Precip" | 1.90 | 1.68 | 2.36 | 3.36 | 3.30 | 3.68 | 4.27 | 3.57 | 3.85 | 3.68 | 3.10 | 2.32 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Madison, OH?
Madison has a cost index of 65 (100 = national average). It is 35% below the national average.
What is average rent in Madison, OH?
The median gross rent in Madison is $888 per month based on 2023 Census data.
What is the average home price in Madison?
The median home value in Madison is $190,900 according to Zillow and Census data.
What is the median income in Madison?
The median household income in Madison is $95,313 per year (2023 ACS 5-year estimates).
What is the sales tax in Madison, OH?
The combined state and local sales tax rate in Madison is 7.2%. The Ohio state income tax top rate is 3.8%.
Is Madison, OH affordable?
Yes, Madison is generally considered affordable, with a cost of living index of 65 — about 35% below the US national average of 100.
What is the weather like in Madison?
Madison has average high temperatures of 58.2°F and average lows of 39.5°F. Annual precipitation is 37.1". Data from NOAA 1991–2020 Climate Normals.
Madison at a Glance
- Population
- 3,427
- Median Income
- $95,313
- Home Value
- $190,900
- Median Rent
- $888/mo
- Unemployment
- 2.0%
- Avg High Temp
- 58.2°F
- Sales Tax
- 7.2%
Nearby Cities
Explore county-level cost of living data
Ohio Rankings
Similar Cost Cities
Cities in other states with comparable housing costs