Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 6,094 with a median age of 40.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 6,094 |
| Median Age | 40.1 |
| White | 94.5% |
| Black or African American | 1.3% |
| Asian | 0.8% |
| Hispanic or Latino | 4.3% |
The median household income in Madison is $65,593, which is 18.6% below the national median of $80,610. The per capita income is $36,282. The poverty rate is 9.5%.
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In Madison, 92.8% of residents age 25+ have a high school diploma or higher, and 34.3% hold a bachelor's degree or higher (9.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 92.8% |
| Bachelor's Degree or Higher | 34.3% |
| Graduate or Professional Degree | 9.9% |
The median home value in Madison is $193,100, below the national median of $303,400. The median monthly rent is $981. The homeownership rate is 60.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $193,100 |
| Median Monthly Rent | $981 |
| Homeownership Rate | 60.2% |
| Vacancy Rate | 10.3% |
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