Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 60,106 with a median age of 37.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 60,106 |
| Median Age | 37.3 |
| White | 68.4% |
| Black or African American | 13.3% |
| Asian | 7.2% |
| Hispanic or Latino | 8.6% |
| Other / Two or More Races | 2.5% |
The median household income in Madison is $134,655, which is 67.0% above the national median of $80,610. The per capita income is $56,185. The poverty rate is 4.3%.
The unemployment rate in Madison is 2.4%, compared to the national rate of 4.1%.
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In Madison, 97.9% of residents age 25+ have a high school diploma or higher, and 64.5% hold a bachelor's degree or higher (29.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.9% |
| Bachelor's Degree or Higher | 64.5% |
| Graduate or Professional Degree | 29.1% |
The median home value in Madison is $398,800, above the national median of $303,400. The median monthly rent is $1,453. The homeownership rate is 74.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $398,800 |
| Median Monthly Rent | $1,453 |
| Homeownership Rate | 74.0% |
| Vacancy Rate | 3.4% |
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