Last updated: 2024 BLS data · Page refreshed:
Madison has a population of 278,001 with a median age of 31.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 278,001 |
| Median Age | 31.8 |
| White | 71.4% |
| Black or African American | 7.2% |
| Asian | 8.0% |
| Hispanic or Latino | 9.4% |
| Other / Two or More Races | 4.0% |
The median household income in Madison is $78,050, which is 3.2% below the national median of $80,610. The per capita income is $49,425. The poverty rate is 16.4%.
The unemployment rate in Madison is 2.3%, compared to the national rate of 4.1%.
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In Madison, 95.8% of residents age 25+ have a high school diploma or higher, and 59.9% hold a bachelor's degree or higher (25.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.8% |
| Bachelor's Degree or Higher | 59.9% |
| Graduate or Professional Degree | 25.7% |
The median home value in Madison is $372,900, above the national median of $303,400. The median monthly rent is $1,413. The homeownership rate is 46.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $372,900 |
| Median Monthly Rent | $1,413 |
| Homeownership Rate | 46.0% |
| Vacancy Rate | 3.9% |
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