Cost Of Living in Madisonville, KY – Market Update [2025]

Madisonville, Kentucky continues to be one of Western Kentucky’s most affordable and desirable cities for homeowners. Whether you’re relocating for work, family, or retirement, understanding the cost of living in Madisonville KY is essential in making informed real estate decisions.

In this 2025 market update, The Harris Group breaks down the latest trends in housing prices, utilities, transportation, and lifestyle costs to help you plan your next move with confidence.

2025 Housing Market Overview

Madisonville’s real estate market remains stable with moderate price growth. According to recent listings, the median home price is around $175,000–$190,000, which is still significantly lower than the national median of over $400,000 (Zillow).

The city offers a range of options, from charming single-family homes to newly built properties perfect for growing families.

If you’re exploring homes in Madisonville, browse our available listings here: View Madisonville Homes for Sale

Cost of Living Breakdown

According to data from BestPlaces.net, Madisonville’s cost of living index is 78.5, meaning it’s 21.5% lower than the U.S. average.
Here’s a breakdown of the main expense categories:

Housing Costs

• Median home value: ~$185,000
  
  
• Average rent for a 2-bedroom apartment: ~$850/month
  
  
• Property taxes: Lower than average for Kentucky

Looking to know how much your home could sell for in Madisonville?
Check your home’s value here.

Utilities

Electricity, water, and gas are generally affordable. Most residents spend about $150–$200/month on utilities, depending on usage and season.

Transportation

Fuel prices remain below national averages, and commute times average under 20 minutes. Madisonville is conveniently located near major routes like I-69, connecting residents to nearby cities like Owensboro and Henderson.

Food & Groceries

Madisonville offers a range of local supermarkets and dining options, with grocery prices roughly 8–10% cheaper than the U.S. average.

Lifestyle and Community Amenities

Madisonville isn’t just affordable—it’s a wonderful place to live. The city offers:

• Excellent schools rated well on Niche
  
  
• Parks, trails, and outdoor spaces for recreation
  
  
• Access to quality healthcare and public services
  
  

For families considering relocation, Madisonville provides small-town charm with big-city convenience.

Explore more about life in Madisonville and nearby communities:

• Owensboro, KY
  
  
• Henderson, KY
  
• Beaver Dam, KY

2025 Real Estate Market Trends

In 2025, Madisonville’s housing demand continues to grow as more buyers seek affordable alternatives to larger Kentucky cities.
Some key trends include:

• Increased interest in remote-work relocations
  
  
• More first-time homebuyers entering the market
  
  
• Steady appreciation rate of 3–5% annually
  

See our Featured Listings for top-rated homes available now.

Why Work With The Harris Group

At The Harris Group, we help families, first-time buyers, and investors find the best real estate opportunities across Western Kentucky. Our local expertise ensures you get the right home for the right price — without surprises.

Learn more About Us
Contact us for expert advice or Request a Home Evaluation

Conclusion

The cost of living in Madisonville KY remains one of the most appealing factors for new residents in 2025. With its affordable housing, excellent amenities, and growing community, Madisonville stands out as a hidden gem for anyone seeking balance, opportunity, and comfort.

Ready to start your home journey?
Visit our Madisonville Listings or Contact Us to get started today.