Madison has a population of 56,967 with a median age of 39.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 56,967 |
| Median Age | 39.1 |
| White | 71.2% |
| Black or African American | 14.8% |
| Asian | 7.3% |
| Hispanic or Latino | 6.5% |
The median household income in Madison is $118,132, which is 57.2% above the national median of $75,149. The per capita income is $51,788. The poverty rate is 4.5%.
The unemployment rate in Madison is 3.0%, compared to the national rate of 5.4%.
In Madison, 97.2% of residents age 25+ have a high school diploma or higher, and 64.2% hold a bachelor's degree or higher (29.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.2% |
| Bachelor's Degree or Higher | 64.2% |
| Graduate or Professional Degree | 29.5% |
The median home value in Madison is $327,100, above the national median of $281,900. The median monthly rent is $1,201. The homeownership rate is 74.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $327,100 |
| Median Monthly Rent | $1,201 |
| Homeownership Rate | 74.8% |
| Vacancy Rate | 3.0% |
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