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Apartments For Rent in Madison, AL

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Apartments for Rent in Madison, AL

Madison, Alabama is a small city with approximately 48,000 residents. The city's residents, with an average age of just over 37, are younger than most cities in Alabama. Renters tend to be in the minority in the city, and 69% of residents own their homes. With an average rent of $969/month, exceeding the state average by $163/month, relatively high rent costs may play a role in the higher levels of ownership.

There are plenty of industries from which to choose in Madison, the most common four of which are scientific, manufacturing, retail, and public administration. Together, these industries account for 28% of the labor force in the city. With an average annual income of just over $102,000, sixth-highest in Alabama, Madison workers are generally well-compensated for their efforts. The city's average income also compares favorably to the national average ($73,345). Compared to the national average (7%), Madison has a high percentage of residents older than 25 who have advanced degrees, as 13% have earned a Master's or a Doctoral degree. Furthermore, 22% possess a Bachelor's degree, which also outpaces the national average.

With an average commute time of about 22 minutes, shorter than most cities in Alabama, Madison residents find that getting to work isn't overly time-consuming. Many residents (48%) commute to work by car, while public transportation is not used. Few residents commute to work on foot.