Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 27,946 with a median age of 41.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 27,946 |
| Median Age | 41.7 |
| White | 77.3% |
| Black or African American | 12.7% |
| Asian | 5.9% |
| Hispanic or Latino | 2.3% |
| Other / Two or More Races | 1.8% |
The median household income in Madison is $119,338, which is 48.0% above the national median of $80,610. The per capita income is $59,649. The poverty rate is 4.8%.
The unemployment rate in Madison is 2.2%, compared to the national rate of 4.1%.
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In Madison, 96.1% of residents age 25+ have a high school diploma or higher, and 64.2% hold a bachelor's degree or higher (27.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.1% |
| Bachelor's Degree or Higher | 64.2% |
| Graduate or Professional Degree | 27.3% |
The median home value in Madison is $352,900, above the national median of $303,400. The median monthly rent is $1,853. The homeownership rate is 94.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $352,900 |
| Median Monthly Rent | $1,853 |
| Homeownership Rate | 94.3% |
| Vacancy Rate | 4.5% |
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