Last updated: 2024 BLS data · Page refreshed:
Madrid has a population of 641 with a median age of 36.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 641 |
| Median Age | 36.1 |
| White | 94.9% |
| Black or African American | 0.5% |
| Hispanic or Latino | 1.2% |
| Other / Two or More Races | 3.4% |
The median household income in Madrid is $68,333, which is 15.2% below the national median of $80,610. The per capita income is $28,267. The poverty rate is 20.6%.
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In Madrid, 99.1% of residents age 25+ have a high school diploma or higher, and 31.9% hold a bachelor's degree or higher (14.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 99.1% |
| Bachelor's Degree or Higher | 31.9% |
| Graduate or Professional Degree | 14.5% |
The median home value in Madrid is $139,100, below the national median of $303,400. The median monthly rent is $800. The homeownership rate is 74.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $139,100 |
| Median Monthly Rent | $800 |
| Homeownership Rate | 74.1% |
| Vacancy Rate | 8.5% |
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