Madisonville, KY
Population 19,442 · Kentucky
About Madisonville, KY
Madisonville is a mid-sized city located in Kentucky with a population of 19,442 residents according to the latest US Census Bureau American Community Survey data. The median household income is $56,902 per year, which is 24% below the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Madisonville features a median home value of $152,300, which is 38% below the national median of $244,900. This positions Madisonville in a moderately priced market relative to the rest of the country. Median monthly rent is $860, 26% below the national average of $1,163/month. Of the 9,314 total housing units, 65% are owner-occupied (5,161 units) and 35% are renter-occupied (2,764 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Madisonville shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.9%, above the national average of 12.4%. Workers in Madisonville have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
22.3% of Madisonville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.9% White, 2.7% Hispanic or Latino, 0.1% Black or African American, and 1.1% Asian residents, with 2.9% of the population being foreign-born.
How Madisonville Ranks in Kentucky
Cost of Living in Madisonville, KY
Compared to national averages, Madisonville has a median household income of $56,902 (24% below the national median of $75,149). Home values average $152,300, which is 38% below the national median. Monthly rent at $860 is 26% below the US average of $1,163. Within Kentucky, Madisonville's income is 14% below the state average of $66,273, and home values are 17% below the state median of $182,504.
Why Live in Madisonville, KY?
Madisonville offers affordable housing with a median home value of $152,300, below the US average of $244,900, and rent that’s lower than the national average at $860/month, and short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($56,902) that falls below the national average. However, Madisonville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madisonville has a population of 19,442 with a median age of 37.4 years. Compare Madisonville with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Madisonville
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Erlanger | 19,677 | $78,420 | $189,400 | Compare |
| Winchester | 19,133 | $57,653 | $180,400 | Compare |
| Mount Washington | 18,228 | $93,852 | $253,700 | Compare |
| Burlington | 18,090 | $101,550 | $229,700 | Compare |
| Murray | 17,888 | $40,348 | $193,300 | Compare |
| St. Matthews | 17,491 | $80,716 | $325,700 | Compare |
| Ashland | 21,405 | $52,199 | $125,300 | Compare |
| Shelbyville | 17,436 | $73,733 | $238,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Madisonville With Other Cities
Frequently Asked Questions about Madisonville
What is the population of Madisonville, KY?
The population of Madisonville, KY is 19,442 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Kentucky.
What is the median household income in Madisonville?
The median household income in Madisonville, KY is $56,902 per year, which is 24% below the national median of $75,149.
What is the median home value in Madisonville?
The median home value in Madisonville, KY is $152,300, which is 38% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Madisonville?
The median monthly rent in Madisonville, KY is $860, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Madisonville?
The unemployment rate in Madisonville, KY is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Madisonville, KY a good place to live?
Madisonville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 19,442 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Madisonville, KY?
22.3% of residents in Madisonville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Madisonville?
Key cost-of-living indicators for Madisonville, KY: median home value is $152,300 (38% below national), median rent is $860/month, and median household income is $56,902. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Madisonville?
The poverty rate in Madisonville, KY is 20.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Madisonville, KY?
Madisonville's population is 2.9% White, 2.7% Hispanic or Latino, 0.1% Black or African American, 1.1% Asian, and 11.6% two or more races. 2.9% of residents are foreign-born.