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Madison Park, New Jersey

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
9,124
Population
$79,509
Median Income
$426,500
Home Value
33.6
Median Age

Demographics

Madison Park has a population of 9,124 with a median age of 33.6. Here is the racial and ethnic breakdown of the population:

Black
35.6%
White
31.1%
Asian
19.3%
Hispanic
18.4%
Demographic Value
Total Population9,124
Median Age33.6
White31.1%
Black or African American35.6%
Asian19.3%
Hispanic or Latino18.4%
Madison Park, New Jersey — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 104.Black: 34.1%White: 29.8%Asian: 18.5%Hispanic/Latino: 17.6%9,124PopulationBlackBlack34.1%WhiteWhite29.8%AsianAsian18.5%Hispanic/LatinoHispanic/Latino17.6%

Income & Economy

The median household income in Madison Park is $79,509, which is 1.4% below the national median of $80,610. The per capita income is $35,773. The poverty rate is 13.4%.

$79,509
Median Household Income
$35,773
Per Capita Income
13.4%
Poverty Rate

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Education

In Madison Park, 92.6% of residents age 25+ have a high school diploma or higher, and 30.8% hold a bachelor's degree or higher (11.4% with a graduate or professional degree).

HS Diploma+
92.6%
Bachelor's+
30.8%
Graduate+
11.4%
Education Level % of Adults (25+)
High School Diploma or Higher92.6%
Bachelor's Degree or Higher30.8%
Graduate or Professional Degree11.4%

Housing

The median home value in Madison Park is $426,500, above the national median of $303,400. The median monthly rent is $1,528. The homeownership rate is 32.7%.

$426,500
Median Home Value
$1,528/mo
Median Rent
32.7%
Homeownership Rate
Housing Metric Value
Median Home Value$426,500
Median Monthly Rent$1,528
Homeownership Rate32.7%
Vacancy Rate8.2%

Salaries in New Jersey

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Frequently Asked Questions

What is the population of Madison Park, New Jersey?
The population of Madison Park, New Jersey is 9,124 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Madison Park, New Jersey?
The median household income in Madison Park, New Jersey is $79,509. This is 1.4% below the national median of $80,610.
What is the median home value in Madison Park, New Jersey?
The median home value in Madison Park, New Jersey is $426,500. The median monthly rent is $1,528.
What percentage of people in Madison Park have a college degree?
In Madison Park, New Jersey, 30.8% of adults age 25 and older hold a bachelor's degree or higher, and 92.6% have a high school diploma or higher.
Is Madison Park, New Jersey an affordable place to live?
The home price-to-income ratio in Madison Park, New Jersey is 5.4x (median home value $426,500 vs. median income $79,509), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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