Madison
Madison city, Illinois
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.
Madison, Illinois at a Glance
Madison is a city in Madison city, Illinois with a population of approximately 2,677. The median home value is $51,700 and the median household income is $41,429.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $887 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$51,700
Median Income
$41,429
Population
2,677
Walk Score
N/A
Air Quality
N/A
Climate Risk
N/A
Good
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- Population
- 2,677
- Median Age
- N/A
- Median Household Income
- $41,429
44% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 18.1%
46% above nat'l avg
- Median Home Value
- $51,700
82% below nat'l avg
- Median Rent
- $887
24% below nat'l avg
- Homeownership Rate
- 52.3%
21% below nat'l avg
- Affordability Index
- N/A
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- N/A
- Category
- N/A
- Overall Risk
- N/A
- Risk Score
- N/A
- Overall
- N/A
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- N/A
- Est. Monthly Electric
- N/A
- Unemployment Rate
- 11.8%
219% above nat'l avg
- Poverty Rate
- 18.1%
46% above nat'l avg
Weather & Climate in Madison
Avg High
63°F
Avg Low
45°F
Annual Rainfall
37.7"
Avg Humidity
69%
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Madison
St. Louis Blues Games
Catch a professional hockey game at the Enterprise Center.
St. Louis Cardinals Games
Attend a Major League Baseball game at Busch Stadium.
St. Louis City SC Games
Watch a Major League Soccer match at CityPark.
Mardi Gras
Celebrate the annual Mardi Gras festival in nearby Soulard.