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CITY

Madrid

Iowa · 2,820 residents (2025 est.) · 1.224 sq mi
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The short version

Madrid has roughly average household income, with a median household income of $89,844. Population has grown 24% since 2000. 23% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has more than doubled since 2000, reaching $185,600. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 40.3
US median: 38.9
Less educated
23% hold a bachelor's degree
US average: 36%
Less affordable
home values up 47%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,808
+24%since 2000
from 2,264 in 2000
1990 – 2025
Population density
2,294 / sq mi
+24%since 2000
from 1,850 / sq mi in 2000
US average: 281
Median age
40.3
+14%since 2000
from 35.5 in 2000
US average: 38.9

PEP 2025 EST:2,820 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K2K3K3K3K1990201020202024Madrid
20243K
1990201020202024
Section 02

Income & economy

Median household income
$89,844
+24%inflation adjusted, since 2000
from $39,706 in 2000
US average: $82,259
1990 – 2024
Per capita income
$37,574
+53%since 2000
from $24,576 in 2000
US average: $44,673
Households earning $100K+
59.0%
+35.6 ptssince 2009
from 23.3% in 2009
US average: 53.3%
Poverty rate
6.3%
−1.5 ptssince 2000
from 7.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.308
−14%since 2010
from 0.358 in 2010
US average: 0.476
Workforce by industry, 2024
Information15.5%
US avg: 10.8%
Wholesale trade14.5%
US avg: 6.9%
Retail trade11.9%
US avg: 9.9%
Other services11%
US avg: 6.7%
Public administration9.5%
US avg: 4.8%
Transportation & warehousing6%
US avg: 2.2%
Finance & insurance4.2%
US avg: 5.9%
Professional, scientific, technical3.1%
US avg: 5.1%
Agriculture, forestry, fishing1.5%
US avg: 1.6%
Construction1.5%
US avg: 1.2%
Arts, entertainment, food1.1%
US avg: 1.9%
Education & health services1.1%
US avg: 0.9%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$185,600
+47%inflation adjusted, since 2000
from $69,300 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,029
+30%inflation adjusted, since 2000
from $433 in 2000
US average: $1,442
Owner-occupied
84.0%
+5.6 ptssince 2000
from 78.3% in 2000
16.0% rent
Vacancy rate
7.3%
−0.6 ptssince 2009
from 7.9% in 2009
US average: 10.0%
Owner cost-burdened
14.7%
−12.8 ptssince 2009
from 27.5% in 2009
US average: 22.9%
Renter cost-burdened
28.5%
+0.6 ptssince 2009
from 27.9% in 2009
US average: 47.4%
Afford Score
2.1
+18%since 2000
from 1.7 in 2000
1990 – 2024
Gentrification Score
69
RELATED:See current rent listings in Madrid on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.4%(2,227)
Black0%(0)
Hispanic / Latino1.2%(27)
Asian0.2%(5)
Other0%
Diversity Score3.5%(79)
2024
White, non-Hispanic94.2%(2,645)
Black0%(0)
Hispanic / Latino3%(84)
Asian0%(0)
Other2.8%(79)
Diversity Score13.9%(390)
Diversity Score
14
+297%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.8%
+6.8 ptssince 2000
from 16.0% in 2000
US average: 35.6%
High school or higher
88.9%
+1.1 ptssince 2000
from 87.8% in 2000
US average: 89.6%
Graduate degree
4.7%
+1.5 ptssince 2000
from 3.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
26.7 min
+56%since 2000
from 17.1 min in 2000
US average: 26.5
Drive alone to work
73.8%
−1.2 ptssince 2009
from 75.0% in 2009
US average: 68.9%
Carpooled to work
7.6%
−12.5 ptssince 2009
from 20.1% in 2009
US average: 8.5%
Public transit
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
17.3%
+15.1 ptssince 2009
from 2.2% in 2009
US average: 15.0%
Walked to work
0.5%
−1.1 ptssince 2009
from 1.6% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
2.2%
−6.4 ptssince 2009
from 8.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.7%
−2.7 ptssince 2011
from 4.4% in 2011
US average: 5.2%
Labor force participation
65.7%
−5.5 ptssince 2011
from 71.2% in 2011
US average: 63.5%
Self-employed
8.3%
−2.0 ptssince 2009
from 10.3% in 2009
US average: 13.1%
Management & professional
30.1%
−31.3 ptssince 2009
from 61.3% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
+3.4 ptssince 2009
from 46.2% in 2009
Female
50.4%
−3.4 ptssince 2009
from 53.8% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
6.3%
−41.7 ptssince 2009
from 48.0% in 2009
US average: 6.2%
With a disability
12.4%
+0.5 ptssince 2012
from 11.9% in 2012
US average: 13.3%
Uninsured
5.6%
−86.8 ptssince 2013
from 92.4% in 2013
US average: 8.4%
Broadband at home
93.1%
+17.2 ptssince 2017
from 75.9% in 2017
US average: 91.0%
English only at home
96.2%
−3.1 ptssince 2016
from 99.3% in 2016
US average: 77.7%
Spanish at home
2.8%
+2.4 ptssince 2016
from 0.4% in 2016
US average: 13.6%
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Compare Madrid to nearby cities

MADRID VS
Boone
Income$69,222−23%
Home value$173,000−7%
Population12,471+342%
SEE FULL COMPARISON →
MADRID VS
Johnston
Income$106,551+19%
Home value$369,100+99%
Population25,065+789%
SEE FULL COMPARISON →
MADRID VS
Grimes
Income$120,037+34%
Home value$304,700+64%
Population17,405+517%
SEE FULL COMPARISON →
MADRID VS
Perry
Income$68,910−23%
Home value$121,400−35%
Population8,208+191%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madrid, Iowa?

Madrid, Iowa has about 2,808 residents according to the 2024 American Community Survey.

What is the median household income in Madrid, Iowa?

The typical household in Madrid, Iowa earns about $89,844 a year. Half of households make more than that, and half make less.

Is Madrid, Iowa expensive?

In Madrid, Iowa, the median home is worth about $185,600, and the typical rent is about $1,029 a month.

How educated are people in Madrid, Iowa?

About 22.8% of adults age 25 and over in Madrid, Iowa hold a bachelor's degree or higher.

What is the poverty rate in Madrid, Iowa?

About 6.3% of people in Madrid, Iowa live below the federal poverty line.

Has Madrid, Iowa grown since 1990?

Yes, Madrid, Iowa has grown since 1990. The population has added about 403 residents, a change of about 17 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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