College Costs in Madison, IN 2026
Compare tuition, housing, and financial aid across 1 colleges in Madison, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$561
per month
Colleges & Universities
1
institutions
Madison Overview
Population
11,811
Student Population
2,075 (17.6%)
Cost of Living Index
84.1 (avg: 100)
Walk Score
39/100
Transit Score
24/100
Unemployment Rate
3.3%
College Cost Calculator for Madison
Cost Inputs
Total Cost (4 Years, Public In-State)
$96,264
Total After Financial Aid
$96,264
Annual Cost
$24,066
Annual After Aid
$24,066
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $96,264 |
| Monthly Payment | $1,093 |
| Total Interest | $34,903 |
| Total Loan Cost | $131,167 |
Universities in Madison
| University | Type | Annual Tuition |
|---|---|---|
| Madison State University | Public | $9,314 |
| Madison Community College | Community | $5,130 |
Madison has 1 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Madison vs. National Average
| Category | Madison | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $561 | $1,050 | -$489 |
| Cost of Living Index | 84.1 | 100 | -15.900000000000006 |
Madison's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Madison
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,075 students
Madison has a total population of 11,811, with approximately 2,075 college students (17.6% of the population). As a major college town, Madison offers a vibrant campus atmosphere with student-friendly businesses, affordable dining options, and active social scene.
Post-Graduation Outlook in Madison
$34,927
Starting Salary
3.3%
Unemployment Rate
49%
Graduation Rate
~0 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Madison earn a median starting salary of $34,927, which is -$73 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $96,264 (including room and board), it would take approximately 0 years of the salary premium to recoup the investment. With average financial aid of $13,568 per student per year, the net cost and payback period can be significantly reduced.
Other Cities in Indiana
Indianapolis
25 colleges · Avg tuition $9,944
Fort Wayne
24 colleges · Avg tuition $8,380
Evansville
10 colleges · Avg tuition $8,448
South Bend
9 colleges · Avg tuition $9,463
Bloomington
5 colleges · Avg tuition $10,948
Muncie
4 colleges · Avg tuition $10,036
Terre Haute
2 colleges · Avg tuition $9,570
Carmel
4 colleges · Avg tuition $10,200
Fishers
4 colleges · Avg tuition $10,200
Hammond
4 colleges · Avg tuition $10,200
Lafayette
3 colleges · Avg tuition $10,200
Noblesville
3 colleges · Avg tuition $10,200
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