salaryRent is lower than in 71% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (81.2%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $51,080 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other Ohio cities?
No. Rent here is more expensive than in most of Ohio. It is number 153 of 288 cities from cheapest to most expensive.
How much do households earn in North Madison?
Share of households by yearly income. 17.4% of households earn $100,000 or more.
Rent by apartment size in North Madison
| Size | North Madison | U.S. average |
|---|---|---|
| 1 bedroom | $779 | $1,324 |
| 2 bedrooms | $1,444 | $1,509 |
| 3 bedrooms | $1,309 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is North Madison overall?
Everyday prices in Ohio overall are 7% below the U.S. average (index 92.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for North Madison, so the Ohio figure is shown.
Taxes and bills in North Madison
Life in North Madison
Is it cheaper to rent or buy in North Madison?
Buying is cheaper month to month: about $186 a month less than renting.
Owning assumes a typical $157,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,730 for the down payment.
Frequently asked questions
What is the average rent in North Madison, OH?
Renting in North Madison costs a median of about $1,277 a month in 2026, including utilities. The Ohio median is $1,261.
How much do I need to make to live in North Madison?
To keep rent under 30% of income, you need about $51,080 a year, or $25 an hour at a full-time job.
Is North Madison cheap or expensive?
North Madison is rated OK: rent takes 21.0% of the typical household income of $73,026. It ranks 153rd cheapest of 288 Ohio cities we track.
How much are property taxes in North Madison?
The median homeowner in North Madison pays $2,895 a year in property taxes, about 1.84% of the median home value.
Is North Madison more expensive than the national average?
Overall prices in Ohio are 7% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in North Madison?
The median home value in North Madison is $157,300, about 2.2 times the typical yearly household income.
8,594 people live in North Madison. Numbers are typical (middle) values.