Last updated: 2024 BLS data · Page refreshed:
New Madison has a population of 783 with a median age of 51.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 783 |
| Median Age | 51.1 |
| White | 99.0% |
| Hispanic or Latino | 0.4% |
| Other / Two or More Races | 0.6% |
The median household income in New Madison is $62,500, which is 22.5% below the national median of $80,610. The per capita income is $30,894. The poverty rate is 19.8%.
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In New Madison, 89.6% of residents age 25+ have a high school diploma or higher, and 15.7% hold a bachelor's degree or higher (6.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 89.6% |
| Bachelor's Degree or Higher | 15.7% |
| Graduate or Professional Degree | 6.4% |
The median home value in New Madison is $109,900, below the national median of $303,400. The median monthly rent is $888. The homeownership rate is 75.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $109,900 |
| Median Monthly Rent | $888 |
| Homeownership Rate | 75.4% |
| Vacancy Rate | 0.6% |
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