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CITY · 2020 ACS

Madison

New Jersey · 16,937 residents · 4.312 sq mi
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The short version

Madison is significantly wealthier than the US average, with a median household income of $157,188. Population has held roughly steady since 2000. 71% of adults hold a bachelor's degree or higher, well above the national rate of 33%. Median home value has more than doubled since 2000, reaching $741,300. Poverty is rare here, at 4.4% of residents. Households here earn about 84% more than the New Jersey median.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 37.8
US median: 38.8
More educated
71% hold a bachelor's degree
US average: 33%
Less affordable
home values up 37%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
16,937
+2%since 2000
from 16,530 in 2000
1990 – 2025
Population density
3,928 / sq mi
+2%since 2000
from 3,833 / sq mi in 2000
US average: 280
Median age
37.8
+10%since 2000
from 34.3 in 2000
US average: 38.8
Population, 1990 – 2024
16K16K16K17K17K1990201020202024Madison
202416K
1990201020202024
Section 02

Income & economy

Median household income
$157,188
+26%inflation adjusted, since 2000
from $82,847 in 2000
US average: $66,278
1990 – 2024
Per capita income
$76,067
+98%since 2000
from $38,416 in 2000
US average: $35,364
Households earning $100K+
75.8%
+12.7 ptssince 2009
from 63.1% in 2009
US average: 43.9%
Poverty rate
4.4%
+1.1 ptssince 2000
from 3.4% in 2000
US average: 12.8%
Workforce by industry, 2020
Other services16.4%
US avg: 6.6%
Public administration13.2%
US avg: 4.7%
Information9.9%
US avg: 11.1%
Retail trade8%
US avg: 10%
Arts, entertainment, food4.7%
US avg: 2%
Transportation & warehousing2.4%
US avg: 2.5%
Wholesale trade2.2%
US avg: 6.7%
Finance & insurance1.9%
US avg: 5.5%
Professional, scientific, technical1.1%
US avg: 4.7%
Education & health services0.8%
US avg: 0.8%
Agriculture, forestry, fishing0.2%
US avg: 1.7%
Construction0.2%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$741,300
+37%inflation adjusted, since 2000
from $359,500 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,908
+23%inflation adjusted, since 2000
from $1,036 in 2000
US average: $1,124
Owner-occupied
64.9%
−2.1 ptssince 2000
from 67.0% in 2000
35.1% rent
Afford Score
4.7
+9%since 2000
from 4.3 in 2000
1990 – 2024
RELATED:See current rent listings in Madison on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic85.7%(14,172)
Black2.9%(481)
Hispanic / Latino6%(987)
Asian3.7%(616)
Other0%
Diversity Score29.2%(4,834)
2020
White, non-Hispanic73.7%(12,482)
Black2.7%(463)
Hispanic / Latino11.8%(2,004)
Asian7.5%(1,262)
Other4%(679)
Diversity Score54%(9,142)
Diversity Score
54
+85%since 2000
from 29 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
71.1%
+14.3 ptssince 2000
from 56.8% in 2000
US average: 32.9%
High school or higher
96.4%
+5.6 ptssince 2000
from 90.8% in 2000
US average: 88.5%
Graduate degree
34.0%
+8.0 ptssince 2000
from 26.0% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
29.8 min
+47%since 2000
from 20.3 min in 2000
US average: 26.9
Drive alone to work
63.1%
−2.8 ptssince 2009
from 65.8% in 2009
US average: 75.1%
No vehicle available
6.5%
+1.0 ptssince 2009
from 5.5% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
6.5%
−0.1 ptssince 2011
from 6.6% in 2011
US average: 5.4%
Labor force participation
68.3%
+1.3 ptssince 2011
from 67.0% in 2011
US average: 63.4%
Management & professional
58.6%
−17.4 ptssince 2009
from 76.1% in 2009
US average: 39.3%
Section 08

People & community

Male
48.1%
+2.3 ptssince 2009
from 45.8% in 2009
Female
51.9%
−2.3 ptssince 2009
from 54.2% in 2009
Foreign born
17.5%
+2.7 ptssince 2009
from 14.8% in 2009
US average: 13.5%
Uninsured
4.0%
−90.6 ptssince 2013
from 94.6% in 2013
US average: 8.8%
Drill deeper

Places similar to Madison

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Pop 14,815
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Pop 20,114
Places similar to Madison
Head to head

Compare Madison to nearby cities

MADISON VS
Florham Park
Income$158,696+1%
Home value$791,400+7%
Population14,456−13%
SEE FULL COMPARISON →
MADISON VS
Chatham
Income$241,500+54%
Home value$984,900+33%
Population10,027−40%
SEE FULL COMPARISON →
MADISON VS
Summit
Income$190,304+21%
Home value$994,500+34%
Population23,314+40%
SEE FULL COMPARISON →
MADISON VS
Morristown
Income$121,340−23%
Home value$567,600−23%
Population20,750+25%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madison, New Jersey?

Madison, New Jersey has about 16,937 residents according to the 2020 American Community Survey.

What is the median household income in Madison, New Jersey?

The typical household in Madison, New Jersey earns about $157,188 a year. Half of households make more than that, and half make less.

Is Madison, New Jersey expensive?

In Madison, New Jersey, the median home is worth about $741,300, and the typical rent is about $1,908 a month.

How educated are people in Madison, New Jersey?

About 71.1% of adults age 25 and over in Madison, New Jersey hold a bachelor's degree or higher.

What is the poverty rate in Madison, New Jersey?

About 4.4% of people in Madison, New Jersey live below the federal poverty line.

Has Madison, New Jersey grown since 1990?

Yes, Madison, New Jersey has grown since 1990. The population has added about 1,087 residents, a change of about 7 percent over that period.

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

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