Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 2,900 with a median age of 44.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,900 |
| Median Age | 44.3 |
| White | 30.4% |
| Black or African American | 49.0% |
| Hispanic or Latino | 6.7% |
| Other / Two or More Races | 13.9% |
The median household income in Madison is $49,326, which is 38.8% below the national median of $80,610. The per capita income is $24,689. The poverty rate is 26.4%.
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In Madison, 84.8% of residents age 25+ have a high school diploma or higher, and 9.1% hold a bachelor's degree or higher (3.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 84.8% |
| Bachelor's Degree or Higher | 9.1% |
| Graduate or Professional Degree | 3.2% |
The median home value in Madison is $58,900, below the national median of $303,400. The median monthly rent is $1,014. The homeownership rate is 50.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $58,900 |
| Median Monthly Rent | $1,014 |
| Homeownership Rate | 50.0% |
| Vacancy Rate | 13.6% |
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