Pay and cost of living in Madison County, IN
Madison County, IN is part of the Indianapolis-Carmel-Greenwood, IN labor market, and this page summarizes 35 occupations with published wages there. The median of their median salaries is $45,670 a year. The best-paid occupation listed is General and Operations Managers at $120,480, and the lowest is Fast Food and Counter Workers at $29,040.
A one-bedroom apartment in Madison County, IN has a HUD Fair Market Rent of $1,017 a month and a two-bedroom $1,331. Rent, food, home energy and gasoline for one adult add up to $18,988 a year. After federal, FICA and state income taxes, the average occupation here takes home $42,130 a year, and every one of the 35 occupations listed here earns enough take-home pay to cover the four basics.
Each occupation links to a detailed page with gross pay, take-home pay, rent, food and energy costs, and the monthly budget margin. All pages share one method, which makes it easy to compare jobs inside Madison County, IN or against other counties.
Housing, taxes and commute in Madison County, IN
The figures below are exact U.S. Census Bureau American Community Survey 2020-2024 5-year estimates for Madison County, IN, set beside the Indiana and national medians.
Median household income in Madison County, IN is $63,037, 12% below the Indiana median of $71,957 and $80,734 nationally. A year of one-bedroom Fair Market Rent ($12,204) equals 19.4% of that income. The median of the occupation medians listed here, $45,670, is 28% below household income, which is expected because a household can hold more than one earner.
Homeowners in Madison County, IN pay a median of $1,192 a year in real estate taxes, 26% below the Indiana median of $1,614. With a median home value of $161,300, 26% below the Indiana median of $218,200, the ratio of the two medians is 0.74% a year.
Renters in Madison County, IN pay a median gross rent of $939 a month in the Census survey, 12% below the Indiana median of $1,062. HUD's one-bedroom Fair Market Rent used for the budgets on this site is $1,017; the Census figure covers rental units of every size.
Workers in Madison County, IN who travel to a workplace spend an average of 26.3 minutes each way, 9% above the Indiana average of 24.1. 10.4% of workers work from home, compared with 15.1% nationally.