States › Tennessee › Madisonville

Is Madisonville, TN expensive to live in?

OKRent takes 28 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,00143% lower than U.S. average
💵 Families earn per year (2026)$43,008about $3,584/month · 51% lower than U.S. average
🔑 House price$234,40030% lower than U.S. average

Rent is lower than in 88% of U.S. cities. A typical house costs about 5.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $40,040 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Tennessee cities?

Yes. Rent here is cheaper than in most of Tennessee. It is number 29 of 114 cities from cheapest to most expensive.

Madisonville
$1,001
Pleasant View
$1,918
Smithville
$960
Bolivar
$850
Medina
$1,269
Ashland City
$1,406
Mount Carmel
$677

How much do households earn in Madisonville?

Under $25k
35.3%
$25k–50k
32.0%
$50k–100k
18.3%
$100k–150k
8.1%
$150k+
4.2%

Share of households by yearly income. 12.3% of households earn $100,000 or more.

Rent by apartment size in Madisonville

SizeMadisonvilleU.S. average
1 bedroom$581$1,324
2 bedrooms$825$1,509
3 bedrooms$1,088$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Madisonville overall?

Everyday prices in Tennessee overall are 8% below the U.S. average (index 91.9, U.S. = 100).

Housing
79
Goods (food, clothes…)
96
Utilities
72
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Madisonville, so the Tennessee figure is shown.

Taxes and bills in Madisonville

🏛️ Property tax$1,150a year · 0.49% of home value · U.S. $3,119
⚡ Electric bill$150a month (typical) · U.S. $156

Life in Madisonville

Commute to work24.2 minU.S.: 26.4 min
College degree15.4%U.S.: 35.7%
Own their home60%U.S.: 65.2%
Below poverty line18.1%U.S.: 12.5%
Unemployment6.8%U.S.: 5.2%

Is it cheaper to rent or buy in Madisonville?

Renting is cheaper right now: about $625 a month less.

Renting
$1,001
Owning
$1,626

Owning assumes a typical $234,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,440 for the down payment.

Frequently asked questions

What is the average rent in Madisonville, TN?

Renting in Madisonville costs a median of about $1,001 a month in 2026, including utilities. The Tennessee median is $1,279.

How much do I need to make to live in Madisonville?

To keep rent under 30% of income, you need about $40,040 a year, or $19 an hour at a full-time job.

Is Madisonville cheap or expensive?

Madisonville is rated OK: rent takes 27.9% of the typical household income of $43,008. It ranks 29th cheapest of 114 Tennessee cities we track.

How much are property taxes in Madisonville?

The median homeowner in Madisonville pays $1,150 a year in property taxes, about 0.49% of the median home value.

Is Madisonville more expensive than the national average?

Overall prices in Tennessee are 8% 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 $234,400, about 5.5 times the typical yearly household income.

5,241 people live in Madisonville. Numbers are typical (middle) values.