Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 2,967 with a median age of 31.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,967 |
| Median Age | 31.2 |
| White | 38.4% |
| Black or African American | 49.6% |
| Hispanic or Latino | 5.8% |
| Other / Two or More Races | 6.2% |
The median household income in Madison is $30,673, which is 61.9% below the national median of $80,610. The per capita income is $21,629. The poverty rate is 34.8%.
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In Madison, 74.9% of residents age 25+ have a high school diploma or higher, and 13.6% hold a bachelor's degree or higher (6.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 74.9% |
| Bachelor's Degree or Higher | 13.6% |
| Graduate or Professional Degree | 6.2% |
The median home value in Madison is $78,500, below the national median of $303,400. The median monthly rent is $887. The homeownership rate is 39.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $78,500 |
| Median Monthly Rent | $887 |
| Homeownership Rate | 39.4% |
| Vacancy Rate | 12.6% |
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