Madison is home to 16,447 people in New Jersey. This is an unusually credentialed place: 74% of adults have a four-year degree. The typical home is worth $943,200, having more than doubled since 2000. Households here earn about 66% more than in New Jersey as a whole. Households take in $171,471 a year at the median, 108% more than the country as a whole. Few US cities rank higher on income.
At a glance
Wealthier
median household income $171,471, above the US median
US median: $82,259
Mid-age
median age 38.2
US median: 38.9
More educated
74% hold a bachelor's degree
US average: 36%
Less affordable
home values up 44%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Madison
What changed most since 1990
Adults with a bachelor's degree49.3% → 74.1%(+24.8 pts)US over the same years: +15.3 pts
Madison's population equals 3.2% of Morris County's. Its number of residents living in poverty equals 2.1% of the county's. Its number of residents 65 and older equals 2.3% of the county's.
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)30.3%(115)
US avg: 26.4%
Gulf War (1990s)5%(19)
US avg: 24.3%
Vietnam era27.4%(104)
US avg: 33.1%
Korean War12.7%(48)
US avg: 4.5%
World War II0%(0)
US avg: 1%
Share of the 379 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Madison, decade by decade
Madison population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
15,850
$135,551
$594,737
49.3%
23.5
2000
16,530
$150,919
$654,885
56.8%
32.4
2010
15,845
$152,589
$922,699
60.7%
41.5
2020
16,937
$190,518
$898,484
71.1%
54.4
2024
16,447
$171,471
$943,200
74.1%
54.5
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.
