Madison has a population of 268,516 with a median age of 31.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 268,516 |
| Median Age | 31.6 |
| White | 74.6% |
| Black or African American | 7.3% |
| Asian | 8.4% |
| Hispanic or Latino | 7.8% |
| Other / Two or More Races | 1.9% |
The median household income in Madison is $74,895, which is 0.3% below the national median of $75,149. The per capita income is $46,652. The poverty rate is 16.9%.
The unemployment rate in Madison is 2.6%, compared to the national rate of 5.4%.
In Madison, 95.5% of residents age 25+ have a high school diploma or higher, and 58.9% hold a bachelor's degree or higher (25.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.5% |
| Bachelor's Degree or Higher | 58.9% |
| Graduate or Professional Degree | 25.6% |
The median home value in Madison is $326,600, above the national median of $281,900. The median monthly rent is $1,291. The homeownership rate is 47.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $326,600 |
| Median Monthly Rent | $1,291 |
| Homeownership Rate | 47.0% |
| Vacancy Rate | 4.1% |
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