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Metropolitan Statistical Area

Cost of living in the Madison Metro Area

4 counties across WI. Population: 683,967.

Avg. 1-bed rent
$1,198/mo
Avg. household income
$87,064/yr
Avg. home value
$345,834
Avg. monthly cost
$3,342/mo

Last updated May 22, 2026

Rent in the Madison Metro Area

Average rent across the Madison metro area, weighted by county population.

Studio
$1,018
per month
1 bedroom
$1,198
per month
2 bedroom
$1,399
per month
3 bedroom
$1,840
per month
4 bedroom
$2,051
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Madison Metro Area

Earnings data averaged across all 4 counties.

Household income
$87,064
per year
Individual earnings
$50,035
per year
Per capita
$49,799
per year

Source: ACS (population-weighted metro average)

Home values in the Madison Metro Area

Average home values and annual property tax across the metro.

Average home value
$345,834
Average annual property tax
$5,853

Source: ACS (population-weighted metro average)

Energy costs in the Madison Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$121
per month
Monthly gas
$58
per month
Annual total
$2,148
per year

Source: EIA (state averages applied per county, weighted)

All 4 counties in the Madison Metro Area

The Madison metro area includes 4 counties. Sorted by population.

Compare counties in the Madison Metro Area

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

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Frequently asked questions about the Madison Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Madison Metro Area?

The estimated average cost of living in the Madison metro area is approximately $3,342 per month for a single person. This is a population-weighted average across the 4 counties that make up the metro area.

What is the average rent in the Madison Metro Area?

The average one-bedroom rent across the Madison metro area is $1,198 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Madison Metro Area?

Green County, WI is the most affordable county in the Madison metro area at approximately $2,867 per month for a single person.

What is the most expensive county in the Madison Metro Area?

Dane County, WI is the most expensive county in the Madison metro area at approximately $3,427 per month for a single person.

How many counties are in the Madison Metro Area?

The Madison metro area covers 4 counties. The five largest by population are Madison, Columbia County, Green County, Iowa County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.