Madison at a Glance
Population
2,677
Median Home Value
$51,700
Nat'l avg: $281,900
Median Rent
$887
Nat'l avg: $1,163
Median Income
$41,429
Nat'l avg: $74,580
Violent Crime
1.2 per 1K
Nat'l avg: 3.6 per 1K
Walk Score
N/A
N/A
Air Quality
N/A
N/A
Climate Risk
N/A
Explore Madison
Dive deeper into Madison with specialized neighborhood guides and rankings.
Best Neighborhoods
Top-rated neighborhoods in Madison ranked by Kurby Score
Affordable Neighborhoods
Most budget-friendly areas to live in Madison
Up & Coming Neighborhoods
Emerging neighborhoods with growth potential in Madison
Young Professionals
Best neighborhoods for career starters in Madison
Retiree Neighborhoods
Best neighborhoods for retirees in Madison
Living In Guide
Complete guide to life in Madison — cost, safety, schools & more
All Neighborhoods
Browse every neighborhood in Madison with detailed data
About Madison
Madison, Illinois, offers a slice of Americana with a uniquely affordable appeal, a characteristic that immediately sets it apart from the national landscape. Imagine a place where the median home value hovers around a remarkable $51,700, a stark contrast to the national average. This deep affordability allows for a lifestyle that prioritizes comfort and community over the constant financial strain found in many other locales. While the median household income of $41,429 reflects the area's economic realities, the lower cost of living enables residents to stretch their dollars further. The town's small population of 2,677 fosters a close-knit atmosphere where neighbors know each other and the pace of life slows down, making it an attractive proposition for those seeking a tranquil retreat without sacrificing essential amenities. From an investment perspective, Madison presents a compelling case for those seeking entry-level real estate opportunities or looking to escape the high-priced markets. The town's affordability makes it an ideal spot for first-time homebuyers or real estate investors looking for solid returns. While unemployment figures require further investigation, the low cost of living and housing prices suggest a favorable environment for those seeking a more relaxed lifestyle. Madison's charm lies in its simplicity and affordability, making it particularly well-suited for retirees, young families, and anyone seeking a respite from the hustle and bustle of city life, all while enjoying the financial freedom that comes with a lower cost of living.