Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 1,550 with a median age of 51.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,550 |
| Median Age | 51.3 |
| White | 93.5% |
| Black or African American | 0.1% |
| Asian | 0.6% |
| Hispanic or Latino | 0.3% |
| Other / Two or More Races | 5.5% |
The median household income in Madison is $61,172, which is 24.1% below the national median of $80,610. The per capita income is $40,909. The poverty rate is 9.9%.
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In Madison, 95.4% of residents age 25+ have a high school diploma or higher, and 20.8% hold a bachelor's degree or higher (4.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.4% |
| Bachelor's Degree or Higher | 20.8% |
| Graduate or Professional Degree | 4.3% |
The median home value in Madison is $97,000, below the national median of $303,400. The median monthly rent is $838. The homeownership rate is 73.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $97,000 |
| Median Monthly Rent | $838 |
| Homeownership Rate | 73.1% |
| Vacancy Rate | 19.5% |
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