Cost of Living in Madison
Madison's cost of living runs above the broader Jackson-metro norm on housing, offset by a below-median property tax rate and genuine local affluence.
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Learn moreAbove-median housing costs
Madison's median home value carries a real, disclosed cross-source spread ($271,100-$333,353), well above both Mississippi's statewide median (~$169,800) and the national median.
A notably below-median property tax rate
Madison's effective property tax rate (~0.76% city-level) runs notably below the Mississippi statewide median (~1.31%), despite Madison's high home values.
Genuine affluence offsets higher home prices
Madison's median household income (~$119,338) runs far above state and national medians, offsetting its above-median housing costs.
Key takeaways
- Madison's housing runs genuinely, substantially above the Mississippi statewide median.
- Madison's property tax rate (~0.76%) runs notably below the Mississippi statewide median.
- Madison's high median household income offsets its above-median housing costs.
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