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CITY · 2020 ACS

Madison

Minnesota · 1,518 residents · 1.05 sq mi
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The short version

Madison has notably lower household income than the US average, with a median household income of $42,500. Population has declined 14% since 2000. 16% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $76,600. With a median age of 49.8, the population is older than the US median of 38.8. Households here earn about 42% less than the Minnesota median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 49.8
US median: 38.8
Less educated
16% hold a bachelor's degree
US average: 33%
Less affordable
home values up 26%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,518
−14%since 2000
from 1,768 in 2000
1990 – 2025
Population density
1,446 / sq mi
−14%since 2000
from 1,684 / sq mi in 2000
US average: 280
Median age
49.8
−2%since 2000
from 51.0 in 2000
US average: 38.8
Population, 1990 – 2024
1K2K2K2K2K1990201020202024Madison
20242K
1990201020202024
Section 02

Income & economy

Median household income
$42,500
+4%inflation adjusted, since 2000
from $27,102 in 2000
US average: $66,278
1990 – 2024
Per capita income
$30,566
+75%since 2000
from $17,435 in 2000
US average: $35,364
Households earning $100K+
19.9%
+8.0 ptssince 2009
from 11.9% in 2009
US average: 43.9%
Poverty rate
14.8%
+7.0 ptssince 2000
from 7.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Information10.9%
US avg: 11.1%
Wholesale trade10.1%
US avg: 6.7%
Agriculture, forestry, fishing6.1%
US avg: 1.7%
Construction6.1%
US avg: 1.2%
Other services5%
US avg: 6.6%
Public administration4.3%
US avg: 4.7%
Transportation & warehousing3.2%
US avg: 2.5%
Retail trade3.1%
US avg: 10%
Finance & insurance2.3%
US avg: 5.5%
Professional, scientific, technical1.8%
US avg: 4.7%
Arts, entertainment, food0.7%
US avg: 2%
Education & health services0.5%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$76,600
+26%inflation adjusted, since 2000
from $40,600 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$572
+22%inflation adjusted, since 2000
from $313 in 2000
US average: $1,124
Owner-occupied
72.7%
−2.5 ptssince 2000
from 75.2% in 2000
27.3% rent
Afford Score
1.8
+20%since 2000
from 1.5 in 2000
1990 – 2024
RELATED:See current rent listings in Madison on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic99.2%(1,754)
Black0.1%(1)
Hispanic / Latino0.1%(1)
Asian0.2%(4)
Other0%
Diversity Score0.9%(15)
2020
White, non-Hispanic92.3%(1,401)
Black0.6%(9)
Hispanic / Latino3.4%(52)
Asian1%(15)
Other1.3%(19)
Diversity Score15.2%(231)
Diversity Score
15
+1692%since 2000
from 1 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
15.9%
+4.2 ptssince 2000
from 11.7% in 2000
US average: 32.9%
High school or higher
93.5%
+19.1 ptssince 2000
from 74.5% in 2000
US average: 88.5%
Graduate degree
6.5%
+3.2 ptssince 2000
from 3.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
15.2 min
+22%since 2000
from 12.4 min in 2000
US average: 26.9
Drive alone to work
74.1%
+2.5 ptssince 2009
from 71.6% in 2009
US average: 75.1%
No vehicle available
9.2%
+3.9 ptssince 2009
from 5.3% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
1.7%
−2.6 ptssince 2011
from 4.3% in 2011
US average: 5.4%
Labor force participation
53.8%
+1.2 ptssince 2011
from 52.5% in 2011
US average: 63.4%
Management & professional
34.1%
−23.1 ptssince 2009
from 57.1% in 2009
US average: 39.3%
Section 08

People & community

Male
46.3%
+1.3 ptssince 2009
from 45.0% in 2009
Female
53.7%
−1.3 ptssince 2009
from 55.0% in 2009
Foreign born
3.9%
+2.2 ptssince 2009
from 1.7% in 2009
US average: 13.5%
Uninsured
2.4%
−90.8 ptssince 2013
from 93.2% in 2013
US average: 8.8%
Drill deeper

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Compare Madison to nearby cities

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MADISON VS
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MADISON VS
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MADISON VS
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Frequently asked

How many people live in Madison, Minnesota?

Madison, Minnesota has about 1,518 residents according to the 2020 American Community Survey.

What is the median household income in Madison, Minnesota?

The typical household in Madison, Minnesota earns about $42,500 a year. Half of households make more than that, and half make less.

Is Madison, Minnesota expensive?

In Madison, Minnesota, the median home is worth about $76,600, and the typical rent is about $572 a month.

How educated are people in Madison, Minnesota?

About 15.9% of adults age 25 and over in Madison, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Madison, Minnesota?

About 14.8% of people in Madison, Minnesota live below the federal poverty line.

Has Madison, Minnesota grown since 1990?

Yes, Madison, Minnesota has shrunk since 1990. The population has lost about 433 residents, a change of about -22 percent over that period.

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

How we source and harmonize this data →