Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 3,417 with a median age of 44.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,417 |
| Median Age | 44.4 |
| White | 95.3% |
| Black or African American | 0.4% |
| Hispanic or Latino | 1.0% |
| Other / Two or More Races | 3.3% |
The median household income in Madison is $94,928, which is 17.8% above the national median of $80,610. The per capita income is $37,502. The poverty rate is 4.1%.
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In Madison, 92.6% of residents age 25+ have a high school diploma or higher, and 20.7% hold a bachelor's degree or higher (9.3% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.6% |
| Bachelor's Degree or Higher | 20.7% |
| Graduate or Professional Degree | 9.3% |
The median home value in Madison is $207,100, below the national median of $303,400. The median monthly rent is $961. The homeownership rate is 91.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $207,100 |
| Median Monthly Rent | $961 |
| Homeownership Rate | 91.4% |
| Vacancy Rate | 7.1% |
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