Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Madison is a moderately-sized city located in the state of Indiana. The city has a population of 11,783 inhabitants. At 92%, the majority of the Madison population is White; this is followed by 4% Black and 1% Asian. In Madison, only 47% of people over the age of fifteen are married. This city could be a good option for singles ready to mingle. If you're not a fan of traffic congestion and long commute times to work, Madison is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 20 minutes, significantly lower than the national average of 26 minutes.
Are you trying to figure out if living in Madison is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Indiana, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Using the livability score which includes data from categories like cost of living, commute, employment, you can easily compare the best places to live in Madison and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Madison to Indiana and the national average.
Madison, IN receives 62 out of 100 for its livability score; this results in a ranking of #356 in Indiana and #14,023 in the USA. If we consider each of the categories individually, we see that Madison ranks well for cost of living (A+) and housing (A-). There are some categories that Madison does not rank well for, including: amenities (F) and employment (D-). It might be worth taking a closer look to determine why.
The unemployment rate in Madison has consistently declined over the years and currently stands well below the national average at 2.14%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
For home buyers, real estate will be the largest purchase they will ever make and it will also be their most valuable asset. For renters, the monthly rent paid on their Madison apartments will most likely be their largest expense. Based on tangible metrics like home and rental affordability and appreciation rates, housing in this area has received a score that is well above the average of every other US city. A thriving real estate market can also generate strong local economic activity and job creation.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Madison. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Madison are affordable. Median real estate prices in Madison come in at $142,100, which is 12.3% higher than the Indiana average. The home price to income ratio compares the median home prices to the median household income. In Madison, the home price to income ratio is 3.4, which is 36% higher than the Indiana average.
| Statistic | Madison | Indiana | National |
| Average one way commute | 20min | 23min | 26min |
| Workers who drive to work | 83.0% | 83.0% | 76.4% |
| Workers who carpool | 9.5% | 8.9% | 9.3% |
| Workers who take public transit | 0.0% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.5% | 0.6% |
| Workers who walk | 1.0% | 2.1% | 2.8% |
| Working from home | 5.3% | 3.5% | 4.6% |
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