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Richmond-Berea, KY

Cost of living in Madison County, KY

Estimated monthly cost
$2,700/mo
for a single person, all categories combined

Population 94,064 · Last updated May 21, 2026

Cost breakdown

Single person, by category, per month.

Rent $825 31%
Healthcare $480 18%
Federal tax $399 15%
Transport $320 12%
Groceries $312 12%
Energy $194 7%
State tax $115 4%
Water $55 2%

Rent in Madison County

Fair Market Rents by bedroom count.

Studio
$740
per month
1 bedroom
$825
per month
2 bedroom
$944
per month
3 bedroom
$1,323
per month
4 bedroom
$1,407
per month

Source: HUD FMR FY2025

Income and earnings in Madison County

Annual earnings figures from the Census ACS.

Household income
$62,407
per year
Individual earnings
$34,458
per year
Per capita
$32,382
per year

Source: ACS 2019-2023 5-Year.

Home values in Madison County

Average values reported by homeowners.

Average home value
$220,700
Annual property tax
$1,631

Source: ACS 2019-2023 5-Year

Energy costs in Madison County

Estimated monthly electricity and gas costs.

Electricity
$140
per month · 13.3¢/kWh
Natural gas
$54
per month
Annual total
$2,328
per year

Source: EIA

Healthcare in Madison County

Insurance premiums and coverage rates.

Individual premium
$480
per month
Family premium
$1,350
per month
Uninsured rate
5.6%

Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.

Taxes in Madison County

State and local tax rates for Kentucky.

State income tax
4.0%
Flat rate
State sales tax
6.0%
Combined sales tax
6.0%
incl. average local

Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.

Transportation in Madison County

Commute patterns and estimated costs.

Average commute
25.9 min
Drive alone
77.8%
Public transit
0.1%
Work from home
8.0%

Source: ACS

Monthly cost estimates for Madison County

What it costs to live in Madison County each month.

Single person
$2,700
per month
  • Rent $825
  • Energy $194
  • Water $55
  • Groceries $312
  • Transport $320
  • Healthcare $480
  • Federal tax $399
  • State tax $115
Couple
$3,942
per month
  • Rent $944
  • Energy $233
  • Water $65
  • Groceries $517
  • Transport $420
  • Healthcare $864
  • Federal tax $691
  • State tax $208
Family
$6,442
per month
  • Rent $1,323
  • Energy $291
  • Water $75
  • Groceries $784
  • Transport $520
  • Healthcare $1,350
  • Childcare $1,200
  • Federal tax $691
  • State tax $208

Frequently asked questions about Madison County

Common questions about cost of living, rent and salary.

What is the average rent in Madison County?

In Madison County, KY, a one-bedroom apartment averages $825 per month, a two-bedroom averages $944 per month, a three-bedroom averages $1,323 per month, according to HUD Fair Market Rent data.

What is the average salary in Madison County?

In Madison County, KY, the average household income is $62,407 per year and individual earnings for full-time workers average $34,458 per year, according to U.S. Census Bureau data.

What is the cost of living in Madison County?

The estimated cost of living in Madison County, KY is approximately $2,700 per month for a single person, $3,942 for a couple, $6,442 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.

What is the sales tax rate in Madison County?

The combined sales tax rate in Madison County, KY is 6.00%, which includes the Kentucky state rate of 6.00% plus an average local rate of 0.00%.

Is Madison County an affordable place to live?

Based on the data, a single person in Madison County, KY would need approximately $2,700 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $62,407 per year ($5,201 per month). Madison County has a moderate cost of living relative to local earnings.

How much does healthcare cost in Madison County?

The ACA marketplace benchmark premium in Madison County, KY is approximately $480 per month for an individual. Approximately 5.6% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.

What are house prices in Madison County?

The average home value in Madison County, KY is $220,700, with average annual property taxes of $1,631, according to U.S. Census Bureau data.

How does Madison County compare to other areas?

You can compare Madison County, KY with any other US county using our comparison tool at /compare. Madison County is in the Richmond-Berea, KY metro area.

Other counties in Kentucky

Browse the full list of counties in Kentucky, ranked by cost of living.

See all counties in Kentucky

Compare Madison County with another area

Put two counties side by side to see how rent, taxes and everyday costs stack up.

About this data

All figures on this page come from official U.S. government sources, listed below.

  • HUD FMR FY2025
  • ACS 2019-2023 5-Year
  • EIA
  • ACS + national avg
  • ACS
  • USDA + BEA RPP
Methodology All data sources