Madison, NJ demographics:
population, income, and more

Total population
16,126
-0.4% year-over-year change
Median household income
$172,708/yr
2.5% year-over-year change
Housing units
5,330
1.5% year-over-year change

Madison population

How many people live in Madison

Madison is home to 16,126 residents, according to the most recent Census data. Gender-wise, 47.8% of Madison locals are male, and 52.2% are female.

Total population
16,126
-0.4% year-over-year change
Gender ratio
Male
47.8%
7,710
Female
52.2%
8,417
Value Percent YoY change
Male 7,710 47.8% -2.5%
Female 8,417 52.2% 1.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Madison is 35, with the population distributed as follows: about 17.5% are children under 15, then 23% are in the 15 to 24 age group. Adults between 25 and 44 make up 20.5% of the population, while another 26.3% fall into the 45 to 64 bracket. Finally, around 12.6% are 65 or older.

Median age
35.3
Age breakdown
Under 15
17.5%
15 to 24
23%
25 to 44
20.5%
45 to 64
26.3%
Over 65
12.6%
Value Percent YoY change
Under 15 2,826 17.5% -1.5%
15 to 24 3,716 23% -0.5%
25 to 44 3,309 20.5% 0.8%
45 to 64 4,236 26.3% -1.0%
Over 65 2,038 12.6% 0.6%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Madison, 83.8% of the population are US-born citizens, while 10.6% have gained naturalized citizenship. At the same time, 5.6% of residents are non-citizens. As for race, 74.4% of locals are Caucasian, 2.7% are African American and 6.3% have Asian roots. Another 0.2% are Indigenous American, 0.1% are Pacific Islanders, while 2.6% identify as another race. There’s also a share of 13.6% that includes residents with two or more races.

Citizenship
U.S.-born citizens
83.8%
Non-U.S.-born citizens
10.6%
Non-citizens
5.6%
Value Percent YoY change
U.S.-born citizens 13,512 83.8% -0.2%
Non-U.S.-born citizens 1,706 10.6% 3.7%
Non-citizens 908 5.6% -9.9%
Racial breakdown
White
74.4%
Black or African American
2.7%
American Indian and Alaska Native
0.2%
Asian
6.3%
Native Hawaiian and other Pacific Islander
0.1%
Two or more races
13.6%
Other
2.6%
Value Percent
White 12,006 74.4%
Black or African American 442 2.7%
American Indian and Alaska Native 32 0.2%
Asian 1,023 6.3%
Native Hawaiian and other Pacific Islander 9 0.1%
Two or more races 2,186 13.6%
Other 428 2.6%

Households in Madison

A peek inside Madison households

Madison has 5,177 households, with an average of 3 members in each. Of these, 68.3% are families, while the remaining 31.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
5,177
1.6% year-over-year change
Average people per household
3
Non-family households
1,640
Family households
3,537
Value Percent YoY change
Non-family households 1,640 31.7% 4.5%
Family households 3,537 68.3% 0.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Madison

The housing landscape of Madison

Madison's housing consists of 5,330 units, with 63.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 6.7% and offer a more compact, shared living style.

Housing units
5,330
1.5% year-over-year change
Housing types
Value Percent
1 unit, detached 3,363 63.1%
1 unit, attached 356 6.7%
2 units 518 9.7%
3 or 4 units 270 5.1%
5 to 9 units 195 3.7%
10 to 19 units 293 5.5%
20 to 49 units 96 1.8%
50 or more units 238 4.5%
Homes built since 2020
38
40.7% year-over-year change

The age of buildings in Madison

In Madison, the median construction year is 1961. About 20.9% of homes were built before the 1940s, with another 7% going up by 1949. Most development happened in the second half of the 20th century. Then, 5.2% of homes were added from 2000 to 2009, 11% between 2010 and 2019, and 0.7% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 1,113 20.9% -11.7%
Built between 1940 and 1949 376 7% -9.0%
Built between 1950 and 1959 1,064 20% 2.7%
Built between 1960 and 1969 779 14.6% -0.5%
Built between 1970 and 1979 406 7.6% 35.8%
Built between 1980 and 1989 388 7.3% 1.8%
Built between 1990 and 1999 298 5.6% -0.7%
Built between 2000 and 2009 280 5.2% 13.4%
Built between 2010 and 2019 588 11% 16.7%
Built in 2020 or later 38 0.7% 40.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Madison occupancy rates

Out of the 5,177 occupied housing units in Madison, 64% are owner-occupied, while 36% are lived in by tenants. Meanwhile, 2.9% of all homes on the local market sit vacant.

Occupied housing units
5,177
1.6% year-over-year change
Occupancy breakdown
Renter occupied
1,864
Owner occupied
3,312
Value Percent YoY
change
Renter occupied 1,864 36% 2.2%
Owner occupied 3,312 64% 1.2%
Unoccupied housing units
2.9%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Madison housing costs

Housing costs in Madison come to a median of $2,780 per month, while tenants specifically pay a median gross rent of $2,251.

Median housing costs per month
$2,780/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Madison
$2,251/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Madison

Madison education at a glance

About 14.4% of the population in Madison went to high school, while 23.4% pursued college studies. Another 2.7% earned an associate degree and 33.4% hold a bachelor’s. Meanwhile, 24.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 164 1.3% -9.4%
High school diploma 1,822 14.4% -10.9%
College diploma 2,948 23.4% -3.4%
Associate degree 341 2.7% -17.6%
Bachelor's degree 4,217 33.4% 4.0%
Graduate degree 3,130 24.8% 5.0%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Madison

How much people earn in Madison

The average annual household income in Madison was $255,887 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +6.3% change from the previous year. At the same time, the median income stood at $172,708, reflecting a +2.5% shift over the same period.

Average household income in Madison
$255,887/year
6.3% year-over-year change
Median household income in Madison
$172,708/year
2.5% year-over-year change

Madison income by age

In Madison, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $205,270. Those with someone between 45 and 64 in charge, often well established professionally, earn $203,689 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $2,499, while those led by someone over 65, many of whom may be retired, have about $95,556 in earnings. Overall, 96.8% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $2,499 N/A
25 - 44 $205,270 -2.5%
45 - 64 $203,689 2.1%
Over 65 $95,556 11.2%
Above poverty level
13,145
Below poverty level
440
Value Percent YoY
change
Above poverty level 13,145 96.8% -0.3%
Below poverty level 440 3.2% 14.3%

Average renter income in Madison

To get a better sense of what renters earn on average in Madison, their median household income was $89,375 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 30.2%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$89,375
Rent-to-income ratio
30.2%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Madison

Workforce and job types in Madison

The job market in Madison is powered by 8,032 working residents, spread across a range of industries and roles. 90.8% of the working population are employed in professional or administrative positions, while 9.2% are in hands-on or service-based jobs. Also, 8.1% run their own businesses, 72.2% are employed by private companies, and 10.3% work in the public sector.

Workforce demographics

Working population
8,032
-2.7% year-over-year change
White collar
7,291
Blue collar
741
Value Percent YoY change
White collar 7,291 90.8% -1.7%
Blue collar 741 9.2% -11.7%
Employer type
Self employees
8.1%
Private companies
72.2%
Governmental workers
10.3%
Not for profit companies
9.4%
Value Percent YoY change
Self employees 653 8.1% 12.2%
Private companies 5,795 72.2% -3.1%
Governmental workers 829 10.3% -6.3%
Not for profit companies 755 9.4% -6.3%
Unemployment rate
6.4%
-8.8% year-over-year change

Available workforce

The unemployment rate in Madison stands at 6.4%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Madison

How people get around in Madison

In Madison, the average commute time is 25 minutes. Commuting methods vary: 78.2% of residents travel by personal vehicle and 12.2% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
25 min
4.2% year-over-year change
Means of transportation
Value Percent YoY change
Car 4,227 78.2% -6.1%
Taxicab 62 1.2% -1.6%
Bus or trolleybus 73 1.4% 2.8%
Railroad 340 6.3% -26.1%
Bicycle 42 0.8% -12.5%
Walk 660 12.2% -13.8%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Madison by zipcode?

Zipcode Population Number of households Median income Average income
07940 17,610 5,653 $172,708 $263,789

Find your place

Explore more communities

FAQs about Madison demographics 

What is the total population of Madison?

Madison has a total population of 16,126 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.4% compared to a year ago.

What is the gender ratio in Madison?

The gender ratio in Madison is as follows:
  • 47.8% males (7,710 residents)
  • 52.2% females (8,417 residents)

What is the median age in Madison?

The median age in Madison is 35.3.

What is the age distribution of the population in Madison?

The age distribution in Madison is as follows:
  • Under 15: 17.5% (2,826 residents)
  • Ages 15-24: 23% (3,716 residents)
  • Ages 25-44: 20.5% (3,309 residents)
  • Ages 45-64: 26.3% (4,236 residents)
  • Over 65: 12.6% (2,038 residents)

What is the racial and ethnic makeup of Madison?

The racial and ethnic makeup of Madison is as follows:
  • White: 74.4% (12,006 residents)
  • Black or African American: 2.7% (442 residents)
  • American Indian and Alaska Native: 0.2% (32 residents)
  • Asian: 6.3% (1,023 residents)
  • Native Hawaiian and Other Pacific Islander: 0.1% (9 residents)
  • Two or More Races: 13.6% (2,186 residents)
  • Other: 2.6% (428 residents)

What percentage of the population in Madison are U.S.-born citizens?

U.S.-born citizens represent 83.8% of the population in Madison.

How many housing units are there in Madison?

There are 5,330 housing units in Madison, reflecting a +1.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Madison and what is the average household size?

Madison has a total of 5,177 households, with an average of 3 people in each.

What is the median household income in Madison?

Madison has a median household income of $172,708, representing a +2.5% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Madison?

The employment rate is 93.6% in Madison, with a workforce of 8,032 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 90.8% (7,291 residents)
  • Blue-collar workers: 9.2% (741 residents)

Places of employment:
  • Self-employed: 8.1% (653 residents)
  • Private companies: 72.2% (5,795 residents)
  • Governmental workers: 10.3% (829 residents)
  • Not-for-profit companies: 9.4% (755 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025