Last updated: 2024 BLS data · Page refreshed:
Madrid has a population of 2,808 with a median age of 40.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,808 |
| Median Age | 40.3 |
| White | 96.6% |
| Hispanic or Latino | 3.0% |
The median household income in Madrid is $89,844, which is 11.5% above the national median of $80,610. The per capita income is $37,574. The poverty rate is 6.3%.
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In Madrid, 88.9% of residents age 25+ have a high school diploma or higher, and 22.8% hold a bachelor's degree or higher (4.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.9% |
| Bachelor's Degree or Higher | 22.8% |
| Graduate or Professional Degree | 4.7% |
The median home value in Madrid is $185,600, below the national median of $303,400. The median monthly rent is $1,029. The homeownership rate is 84.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $185,600 |
| Median Monthly Rent | $1,029 |
| Homeownership Rate | 84.0% |
| Vacancy Rate | 7.3% |
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