Madrid, AL
220Residents
$39,750Median household income
$1,000/moMedian gross rent
$122,500Median home value
54.6Median age
10%Adults with a bachelor’s degree or higher
85%Homes lived in by their owners
3.1×Home value to household income
Median rent takes about 30% of the median household income in Madrid.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $40,000 a year. In Alabama that leaves roughly $2,710 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.