Affordable

What Salary Do You Need to Live in Madisonville?

To afford a 2-bedroom in Madisonville, you need to earn at least $33,600/year based on estimated fair market rent data. The median household income here is $40,769, which means the typical resident is $7,169 above the threshold.

Census ACS Data Pop. 5,120

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$588	$1,960	$23,520	$-17,249
1 Bedroom	$697	$2,323	$27,880	$-12,889
2 Bedroom BENCHMARK	$840	$2,800	$33,600	$-7,169
3 Bedroom	$1,025	$3,417	$41,000	+$231
4 Bedroom	$1,260	$4,200	$50,400	+$9,631

Affordability Breakdown

Where the required salary line crosses above Madisonville's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$40,769

Annual household

2BR Required Salary

$33,600

Under 30% rule

Income Gap

+$7,169

Surplus

Verdict

Affordable

Ratio: 24.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Madisonville

Your Annual Salary

Pre-filled with Madisonville's median household income

Max monthly rent you can afford$1,019

Studio

$588/mo

1 BR

$697/mo

2 BR

$840/mo

3 BR

$1,025/mo

4 BR

$1,260/mo

Your salary is $0 above the median income in Madisonville.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Madisonville's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Madisonville

Living in Madisonville is well within reach for most median-income earners. With a $7,169 cushion between what residents earn and what a 2-bedroom requires, households in Madisonville typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Madisonville, a studio at $588/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,025/month remains accessible for dual-income households earning above $41,000.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $50,400 would position you well — though many residents in Madisonville manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Madisonville, Tennessee.

With a total population of 5,120, the city supports an active civilian workforce of 2,075 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $33,600 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

2,075

Active civilian employees in Madisonville

Frequently Asked Questions About Renting in Madisonville

What salary do I need to live in Madisonville, Tennessee?

To afford a 2-bedroom in Madisonville under the 30% rule, you need an annual salary of at least $33,600. The median household income in Madisonville is $40,769.

Can I afford a 2-bedroom in Madisonville on $40,769?

The affordability verdict for Madisonville is "Affordable". The rent-to-income ratio is 24.7%, meaning median earners have a $7,169 surplus.

What is the average rent in Madisonville compared to median income?

The median gross rent in Madisonville is $697/month. With a median household income of $40,769, residents spend approximately 24.7% of their income on rent.

What salary do I need for a studio in Madisonville?

A studio in Madisonville rents for approximately $588/month. Under the 30% rule, you need an annual salary of $23,520 to afford this.

Is Madisonville considered an affordable place to live?

Based on the surplus of $7,169 and an affordability verdict of "Affordable", Madisonville is considered a affordable rental market when comparing the required 2-bedroom salary of $33,600 to the local median household income.

How Madisonville Compares

Other cities in Tennessee with salary requirements