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CITY

Madrid

New York · 641 residents · 3.727 sq mi
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The short version

Madrid has lower-than-average household income, with a median household income of $68,333. Population has declined 15% since 2023. Median home value is $139,100. The poverty rate of 20.6% is well above the national figure.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 36.1
US median: 38.9
Average education
32% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
641
−15%since 2023
from 753 in 2023
2010 – 2024
Population density
172 / sq mi
−15%since 2023
from 202 / sq mi in 2023
US average: 281
Median age
36.1
−1%since 2023
from 36.4 in 2023
US average: 38.9
Population, 2010 – 2024
623677732786840201020202024Madrid
2024641
201020202024
Section 02

Income & economy

Median household income
$68,333
−25%inflation adjusted, since 2023
from $88,500 in 2023
US average: $82,259
2010 – 2024
Per capita income
$28,267
−2%since 2023
from $28,987 in 2023
US average: $44,673
Households earning $100K+
46.3%
−7.7 ptssince 2023
from 54.0% in 2023
US average: 53.3%
Poverty rate
20.6%
+7.1 ptssince 2023
from 13.5% in 2023
US average: 12.5%
Income inequality (Gini)
0.369
+13%since 2023
from 0.327 in 2023
US average: 0.476
Workforce by industry, 2024
Information14.6%
US avg: 10.8%
Other services8.2%
US avg: 6.7%
Finance & insurance7.5%
US avg: 5.9%
Retail trade7.1%
US avg: 9.9%
Public administration6.3%
US avg: 4.8%
Education & health services4.1%
US avg: 0.9%
Professional, scientific, technical3.4%
US avg: 5.1%
Arts, entertainment, food1.9%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Wholesale trade0%
US avg: 6.9%
Transportation & warehousing0%
US avg: 2.2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$139,100
−1%inflation adjusted, since 2023
from $136,700 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$800
−9%inflation adjusted, since 2023
from $850 in 2023
US average: $1,442
Owner-occupied
74.1%
+1.5 ptssince 2023
from 72.6% in 2023
25.9% rent
Vacancy rate
8.5%
+0.3 ptssince 2023
from 8.1% in 2023
US average: 10.0%
Owner cost-burdened
11.9%
+9.7 ptssince 2023
from 2.2% in 2023
US average: 22.9%
Renter cost-burdened
32.1%
−9.0 ptssince 2023
from 41.2% in 2023
US average: 47.4%
Afford Score
2.0
+32%since 2023
from 1.5 in 2023
2010 – 2024
Gentrification Score
68
RELATED:See current rent listings in Madrid on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic94.3%(710)
Black0.4%(3)
Hispanic / Latino2%(15)
Asian0.8%(6)
Other2.5%(19)
Diversity Score13.7%(103)
2024
White, non-Hispanic94.9%(608)
Black0.5%(3)
Hispanic / Latino1.2%(8)
Asian0%(0)
Other3.4%(22)
Diversity Score12.4%(79)
Diversity Score
12
−10%since 2023
from 14 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
31.9%
+5.6 ptssince 2023
from 26.2% in 2023
US average: 35.6%
High school or higher
99.1%
+3.4 ptssince 2023
from 95.6% in 2023
US average: 89.6%
Graduate degree
14.5%
+2.2 ptssince 2023
from 12.3% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.9 min
−8%since 2023
from 20.6 min in 2023
US average: 26.5
Drive alone to work
78.3%
−2.2 ptssince 2023
from 80.4% in 2023
US average: 68.9%
Carpooled to work
11.5%
+1.5 ptssince 2023
from 9.9% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
10.3%
+0.6 ptssince 2023
from 9.6% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
9.3%
+2.0 ptssince 2023
from 7.3% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.6%
+2.0 ptssince 2023
from 4.6% in 2023
US average: 5.2%
Labor force participation
61.7%
−5.1 ptssince 2023
from 66.8% in 2023
US average: 63.5%
Self-employed
29.5%
+5.9 ptssince 2023
from 23.6% in 2023
US average: 13.1%
Management & professional
48.1%
+4.4 ptssince 2023
from 43.8% in 2023
US average: 42.5%
Section 08

People & community

Male
52.1%
−0.6 ptssince 2023
from 52.7% in 2023
Female
47.9%
+0.6 ptssince 2023
from 47.3% in 2023
Foreign born
3.6%
−1.7 ptssince 2023
from 5.3% in 2023
US average: 14.1%
Veterans
6.8%
−1.4 ptssince 2023
from 8.2% in 2023
US average: 6.2%
With a disability
13.1%
+0.6 ptssince 2023
from 12.5% in 2023
US average: 13.3%
Uninsured
3.6%
−0.3 ptssince 2023
from 3.9% in 2023
US average: 8.4%
Broadband at home
90.3%
−5.3 ptssince 2023
from 95.6% in 2023
US average: 91.0%
English only at home
96.8%
+2.9 ptssince 2023
from 93.9% in 2023
US average: 77.7%
Spanish at home
1.9%
−1.0 ptssince 2023
from 2.8% in 2023
US average: 13.6%
Drill deeper

Places similar to Madrid

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Pop 637
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Pop 599
Ellendale
Pop 591
Bell
Pop 579
Places similar to Madrid
Head to head

Compare Madrid to nearby cities

MADRID VS
Potsdam
Income$34,546−49%
Home value$146,400+5%
Population8,019+1151%
SEE FULL COMPARISON →
MADRID VS
Ogdensburg
Income$61,824−10%
Home value$85,400−39%
Population9,123+1323%
SEE FULL COMPARISON →
MADRID VS
Massena
Income$51,458−25%
Home value$94,400−32%
Population9,898+1444%
SEE FULL COMPARISON →
MADRID VS
Fort Drum
Income$62,291−9%
Home value$156,600+13%
Population16,065+2406%
SEE FULL COMPARISON →
Frequently asked

How many people live in Madrid, New York?

Madrid, New York has about 641 residents according to the 2024 American Community Survey.

What is the median household income in Madrid, New York?

The typical household in Madrid, New York earns about $68,333 a year. Half of households make more than that, and half make less.

Is Madrid, New York expensive?

In Madrid, New York, the median home is worth about $139,100, and the typical rent is about $800 a month.

How educated are people in Madrid, New York?

About 31.9% of adults age 25 and over in Madrid, New York hold a bachelor's degree or higher.

What is the poverty rate in Madrid, New York?

About 20.6% of people in Madrid, New York live below the federal poverty line.

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

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