Madison has a population of 27,595 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 27,595 |
| Median Age | 40.6 |
| White | 77.6% |
| Black or African American | 13.2% |
| Asian | 6.0% |
| Hispanic or Latino | 1.1% |
| Other / Two or More Races | 2.1% |
The median household income in Madison is $124,575, which is 65.8% above the national median of $75,149. The per capita income is $56,957. The poverty rate is 4.7%.
The unemployment rate in Madison is 2.7%, compared to the national rate of 5.4%.
In Madison, 97.2% of residents age 25+ have a high school diploma or higher, and 67.7% hold a bachelor's degree or higher (29.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.2% |
| Bachelor's Degree or Higher | 67.7% |
| Graduate or Professional Degree | 29.4% |
The median home value in Madison is $312,800, above the national median of $281,900. The median monthly rent is $1,744. The homeownership rate is 93.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $312,800 |
| Median Monthly Rent | $1,744 |
| Homeownership Rate | 93.2% |
| Vacancy Rate | 4.4% |
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