Should you rent in Madison? Cost of living index: 108/100. Median income: $72,420. See how much rent you can afford and where to look.
Population
269,840
Median Home Price
$365,000
Property Tax Rate
1.96%
Median Income
$72,420
Cost of Living
108/ 100
The rental market in Madison, WI is shaped by a cost of living index of 108 and a population of 269,840. Rent prices generally correlate with home values — with a median home price of $365,000, rental rates reflect the overall market demand in the area.
Financial experts recommend spending no more than 30% of gross income on rent. With a median household income of $72,420 in Madison, that means a monthly housing budget of roughly one-third of monthly earnings. Compare this to actual rental listings to gauge affordability.
Madison offers neighborhoods ranging from walkable urban districts to quieter suburban areas. Rent varies significantly by location, with areas closer to downtown or major employers typically commanding higher prices. Research commute times and amenities when choosing where to rent.
Use our free calculator with Madison-specific data already filled in.
Open Madison CalculatorPlanning a move to Madison? Cost of living index: 108/100. Median home: $365,000. Median income: $72,420. Get the full relocation breakdown.
Median home price in Madison: $365,000. Property tax rate: 1.96%. Get mortgage estimates, affordability analysis, and local market insights.
Madison cost of living index: 108/100 (100 = national avg). Median home $365,000, median income $72,420. See housing, groceries & more.
Median household income in Madison: $72,420. Cost of living index: 108/100. See how far your salary really goes and compare local job market data.
Property tax rate in Madison: 1.96%. Median home price: $365,000. Calculate your annual bill, compare to state averages, and find exemptions.
What does commuting cost in Madison? Population: 269,840. Median income: $72,420. Compare transit, driving, and biking options with real local data.
Median home in Madison: $365,000. Tax rate: 1.96%. Compare Madison neighborhoods by price, schools, and lifestyle to find the right fit.