Can A Real Estate Agent Afford Rent in Madison, AL?

Stretched but workable — rent takes 30.7% of gross income.

Madison rent: June 2026. Salary: BLS OEWS May 2024 (Alabama state estimate).

Madison median rent
$1,442/mo
Real Estate Agent salary (Alabama)
$56,399/yr
Rent as % of income
30.7%
Gross monthly income works out to about $4,700, and the 30% rule supports up to $1,410/mo in rent. Madison's median rent of $1,442 exceeds that threshold by $32/mo, putting a real estate agent salary into the rent-burdened range here. A real estate agent works roughly 53.2 hours a month to cover that rent.

About rent and a real estate agent salary

Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.

Cheaper rent nearby

These Alabama cities have lower median rent than Madison, which improves the affordability math on a real estate agent salary:

Enterprise, AL
$1,441/mo (30.7% of income)
Enterprise, AL
$1,439/mo (30.6% of income)
Homewood, AL
$1,438/mo (30.6% of income)

Compare with full rent data for Madison

View full rent data for Madison, AL

Frequently asked questions

Can a real estate agent afford rent in Madison, AL?

Median rent in Madison is $1,442 a month. A typical real estate agent in Alabama earns about $56,399 a year, which makes that rent 30.7% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.

How much rent can a real estate agent afford in Madison?

Using the 30% rule, a real estate agent salary in Alabama (~$56,399/yr) supports up to $1,410 a month in rent. Madison's current median rent is $1,442/mo, which is $32/mo over the affordability threshold.

How many hours does a real estate agent work to cover rent in Madison?

At an hourly equivalent of about $27 an hour, a real estate agent in Alabama works roughly 53.2 hours a month to cover Madison's median rent of $1,442.

Where is rent cheaper than Madison for a real estate agent?

Nearby Alabama cities with lower median rent include Enterprise ($1,441/mo), Enterprise ($1,439/mo), Homewood ($1,438/mo). Each shifts the affordability math materially on a real estate agent salary.

Methodology: Salary uses the BLS-derived Alabama state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Madison, AL. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.