salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 18 minutes.
How much money do I need?
To rent here comfortably, you should earn about $28,320 a year. That is $14 an hour at a full-time job.
Is rent cheaper than other Kentucky cities?
Yes. Rent here is cheaper than in most of Kentucky. It is number 5 of 87 cities from cheapest to most expensive.
How much do households earn in Madisonville?
Share of households by yearly income. 13.0% of households earn $100,000 or more.
Rent by apartment size in Madisonville
| Size | Madisonville | U.S. average |
|---|---|---|
| 1 bedroom | $500 | $1,324 |
| 2 bedrooms | $827 | $1,509 |
| 3 bedrooms | $1,034 | $1,698 |
| 4 bedrooms | $1,423 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Madisonville overall?
Everyday prices in Kentucky overall are 10% below the U.S. average (index 90.2, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Madisonville, so the Kentucky figure is shown.
Taxes and bills in Madisonville
Life in Madisonville
Is it cheaper to rent or buy in Madisonville?
Renting is cheaper right now: about $431 a month less.
Owning assumes a typical $164,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,410 for the down payment.
Frequently asked questions
What is the average rent in Madisonville, KY?
Renting in Madisonville costs a median of about $708 a month in 2026, including utilities. The Kentucky median is $1,175.
How much do I need to make to live in Madisonville?
To keep rent under 30% of income, you need about $28,320 a year, or $14 an hour at a full-time job.
Is Madisonville cheap or expensive?
Madisonville is rated Cheap: rent takes 14.6% of the typical household income of $58,088. It ranks 5th cheapest of 87 Kentucky cities we track.
How much are property taxes in Madisonville?
The median homeowner in Madisonville pays $1,312 a year in property taxes, about 0.80% of the median home value.
Is Madisonville more expensive than the national average?
Overall prices in Kentucky are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Madisonville?
The median home value in Madisonville is $164,100, about 2.8 times the typical yearly household income.
19,515 people live in Madisonville. Numbers are typical (middle) values.