Salary & Cost of Living in Madison, AL
Madison, AL: $47,605 median salary, cost of living index 86.1, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$47,605
$23/hr
Cost of Living
86.1
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.5%
rate
Madison, AL Overview
Population
53,880
Median Salary
$47,605
Average Salary
$53,318
Avg Commute
19 min
Median Home Price
$172,000
Median Rent
$715/mo
Job Growth
+1.8%
Sales Tax
4%
Madison is located in Alabama with a population of 53,880. The median household salary is $47,605 per year ($23/hour), which is $11,779 below the national median of $59,384. The average commute time is 19 minutes, and the city has a job growth rate of +1.8%.
Madison Salary by Experience Level (2026)
Wage distribution in Madison, AL based on BLS percentile breakdown of the $47,605 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $29,515 | $14.19/hr | 0–2 years |
| Mid-Level (Median) | $47,605 | $22.89/hr | 3–7 years |
| Senior-Level | $67,599 | $32.50/hr | 8–15 years |
| Top 10% (90th Percentile) | $84,737 | $40.74/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Madison Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Madison, AL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,909
$3,159.07/month · $1,458.03/biweekly · Effective Rate: 20.4%
Gross Pay
$47,605
Federal Tax
-$3,674
State Tax
-$2,380
Local Tax
$0
FICA
-$3,642
Net Pay
$37,909
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,967.08 | $47,605.00 |
| Federal Income Tax | -$306.18 | -$3,674.10 |
| Alabama State Tax (5%) | -$198.35 | -$2,380.25 |
| Social Security (6.2%) | -$245.96 | -$2,951.51 |
| Medicare (1.45%) | -$57.52 | -$690.27 |
| Net Take-Home Pay | $3,159.07 | $37,908.87 |
Salary Comparison: Madison vs Other Cities
See how Madison's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Madison, AL | $47,605 | 86.1 | $55,290 |
| National Average | $59,384 | 100 | $59,384 |
| Seguin, TX | $47,571 | 86.2 | $55,187 |
| Temple Terrace, FL | $47,562 | 103 | $46,177 |
| Schererville, IN | $47,649 | 79.2 | $60,163 |
| Mundelein, IL | $47,652 | 86 | $55,409 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Madison
Madison's cost of living index is 86.1 (national average = 100). Living in Madison is 13.900000000000006% less expensive than the national average.
Median Home Price
$172,000
Median Monthly Rent
$715
Annual Rent Cost
$8,580
Your Salary's Purchasing Power
Your $37,909 annual take-home pay in Madison has the purchasing power of approximately $44,029 in an average-cost US area. Your $47,605 salary stretches further here than in most US cities.
Top Industries in Madison
Madison's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $47,605.
Salary Tips for Madison Workers
- Your salary goes further here. Madison has a cost of living 13.900000000000006% below the national average. A salary of $47,605 here has the purchasing power of about $55,290 in an average-cost area.
- Research top industries. Madison's top industries include Automotive Manufacturing, Aerospace, Healthcare. Targeting roles in these sectors can help you earn above the $47,605 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Madison, AL?
The median salary in Madison, AL is $47,605 per year, or $23 per hour. The average salary is $53,318. This is $11,779 below the national median of $59,384.
What is the cost of living in Madison, AL?
Madison's cost of living index is 86.1 (national average = 100), meaning it is 13.900000000000006% less expensive compared to the national average. The median home price is $172,000 and the median monthly rent is $715.
What are the best industries in Madison?
The top industries in Madison, AL include Automotive Manufacturing, Aerospace, Healthcare. The city has a job growth rate of 1.8% and an unemployment rate of 2.5%. Workers in these industries often earn above the city's median salary of $47,605.
How does Madison's salary compare to other cities?
Madison's median salary of $47,605 is 19.8% below the national median of $59,384. However, when adjusted for cost of living (index: 86.1), the real purchasing power is approximately $55,290.
What is the minimum wage in Madison, AL?
The minimum wage in Madison, AL is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.