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CITY · 2020 ACS

Madrid

Iowa · 2,802 residents · 1.224 sq mi
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The short version

Madrid has roughly average household income, with a median household income of $67,396. Population has grown 24% since 2000. Median home value has more than doubled since 2000, reaching $138,700.

At a glance
Average income
near the US median
US median: $66,278
Mid-age
median age 39.0
US median: 38.8
Less educated
23% hold a bachelor's degree
US average: 33%
Less affordable
home values up 33%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,802
+24%since 2000
from 2,264 in 2000
1990 – 2025
Population density
2,289 / sq mi
+24%since 2000
from 1,850 / sq mi in 2000
US average: 280
Median age
39.0
+10%since 2000
from 35.5 in 2000
US average: 38.8
Population, 1990 – 2024
2K2K3K3K3K1990201020202024Madrid
20243K
1990201020202024
Section 02

Income & economy

Median household income
$67,396
+13%inflation adjusted, since 2000
from $39,706 in 2000
US average: $66,278
1990 – 2024
Per capita income
$30,966
+26%since 2000
from $24,576 in 2000
US average: $35,364
Households earning $100K+
45.6%
+22.3 ptssince 2009
from 23.3% in 2009
US average: 43.9%
Poverty rate
6.6%
−1.2 ptssince 2000
from 7.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Information15.7%
US avg: 11.1%
Other services9.2%
US avg: 6.6%
Wholesale trade8.8%
US avg: 6.7%
Public administration8.1%
US avg: 4.7%
Finance & insurance5%
US avg: 5.5%
Professional, scientific, technical4.3%
US avg: 4.7%
Transportation & warehousing4.2%
US avg: 2.5%
Retail trade3.8%
US avg: 10%
Arts, entertainment, food2.9%
US avg: 2%
Agriculture, forestry, fishing1.3%
US avg: 1.7%
Construction1.3%
US avg: 1.2%
Education & health services0.7%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$138,700
+33%inflation adjusted, since 2000
from $69,300 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$850
+31%inflation adjusted, since 2000
from $433 in 2000
US average: $1,124
Owner-occupied
72.1%
−6.3 ptssince 2000
from 78.3% in 2000
27.9% rent
Afford Score
2.1
+18%since 2000
from 1.7 in 2000
1990 – 2024
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)
2020
White, non-Hispanic93.6%(2,623)
Black0.5%(14)
Hispanic / Latino2.5%(70)
Asian0.3%(8)
Other0.7%(21)
Diversity Score10%(280)
Diversity Score
10
+186%since 2000
from 3 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.5%
+6.5 ptssince 2000
from 16.0% in 2000
US average: 32.9%
High school or higher
93.5%
+5.7 ptssince 2000
from 87.8% in 2000
US average: 88.5%
Graduate degree
3.7%
+0.6 ptssince 2000
from 3.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
25.5 min
+49%since 2000
from 17.1 min in 2000
US average: 26.9
Drive alone to work
82.3%
+7.3 ptssince 2009
from 75.0% in 2009
US average: 75.1%
No vehicle available
4.9%
−3.7 ptssince 2009
from 8.6% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
2.8%
−1.7 ptssince 2011
from 4.4% in 2011
US average: 5.4%
Labor force participation
61.0%
−10.3 ptssince 2011
from 71.2% in 2011
US average: 63.4%
Management & professional
34.3%
−27.1 ptssince 2009
from 61.3% in 2009
US average: 39.3%
Section 08

People & community

Male
49.0%
+2.8 ptssince 2009
from 46.2% in 2009
Female
51.0%
−2.8 ptssince 2009
from 53.8% in 2009
Foreign born
0.2%
+0.2 ptssince 2009
from 0.0% in 2009
US average: 13.5%
Uninsured
2.4%
−90.0 ptssince 2013
from 92.4% in 2013
US average: 8.8%
Drill deeper

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Head to head

Compare Madrid to nearby cities

MADRID VS
Boone
Income$69,222+3%
Home value$173,000+25%
Population12,471+342%
SEE FULL COMPARISON →
MADRID VS
Johnston
Income$106,551+58%
Home value$369,100+166%
Population25,065+789%
SEE FULL COMPARISON →
MADRID VS
Grimes
Income$120,037+78%
Home value$304,700+120%
Population17,405+517%
SEE FULL COMPARISON →
MADRID VS
Perry
Income$68,910+2%
Home value$121,400−12%
Population8,208+191%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madrid, Iowa?

Madrid, Iowa has about 2,802 residents according to the 2020 American Community Survey.

What is the median household income in Madrid, Iowa?

The typical household in Madrid, Iowa earns about $67,396 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 $138,700, and the typical rent is about $850 a month.

How educated are people in Madrid, Iowa?

About 22.5% 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 6.6% 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 397 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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