Madison, VA demographics:
population, income, and more
Madison population
How many people live in Madison
Madison is home to 273 residents, according to the most recent Census data. Gender-wise, 45% of Madison locals are male, and 55% are female.
Age demographics
The median age in Madison is 40, with the population distributed as follows: about 19.8% are children under 15, then 9.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.3% of the population, while another 27.1% fall into the 45 to 64 bracket. Finally, around 18% are 65 or older.
Racial makeup
In Madison, 97.4% of the population are US-born citizens, while 2.6% have gained naturalized citizenship. There’s also a share of 19.4% that includes residents with two or more races.
Households in Madison
A peek inside Madison households
Madison has 120 households, with an average of 2 members in each. Of these, 45.8% are families, while the remaining 54.2% are made up of individuals living alone or with non-relatives, such as roommates.
Households stats
Housing in Madison
The housing landscape of Madison
Madison's housing consists of 153 units, with 73.2% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 1.3% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 9.2% of the housing landscape.
The age of buildings in Madison
In Madison, the median construction year is 1946. About 45.1% of homes were built before the 1940s, with another 8.5% going up by 1949. Most development happened in the second half of the 20th century.
Madison occupancy rates
Out of the 120 occupied housing units in Madison, 45.8% are owner-occupied, while 54.2% are lived in by tenants. Meanwhile, 21.6% of all homes on the local market sit vacant.
Madison housing costs
Housing costs in Madison come to a median of $980 per month, while tenants specifically pay a median gross rent of $990.
Education in Madison
Madison education at a glance
About 33.3% of the population in Madison went to high school, while 37.7% pursued college studies. Another 5.8% earned an associate degree and 5.8% hold a bachelor’s. Meanwhile, 8.7% went even further, earning a master’s or doctorate.
Income in Madison
How much people earn in Madison
The average annual household income in Madison was $77,501 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +21.1% change from the previous year. At the same time, the median income stood at $65,625, reflecting a +39.4% shift over the same period.
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 $68,750. Those with someone between 45 and 64 in charge, often well established professionally, earn $103,750 overall. Overall, 86.8% of the locals in this community live above the poverty line.
Average renter income in Madison
To get a better sense of what renters earn on average in Madison, their median household income was $41,250 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 28.8%, shows what portion of their earnings goes toward housing expenses.
Employment in Madison
Workforce and job types in Madison
The job market in Madison is powered by 155 working residents, spread across a range of industries and roles. 81.3% of the working population are employed in professional or administrative positions, while 18.7% are in hands-on or service-based jobs. Also, 9.7% run their own businesses, 67.7% are employed by private companies, and 20% work in the public sector.
Workforce demographics
Available workforce
The unemployment rate in Madison stands at 1.3%, representing the share of the workforce currently without a job and actively looking for one.
Transportation in Madison
How people get around in Madison
Commuting methods vary: 92.6% of residents travel by personal vehicle and 3.4% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.
What is the median and average household income in Madison by zipcode?
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FAQs about Madison demographics
What is the total population of Madison?
What is the gender ratio in Madison?
- 45% males (123 residents)
- 55% females (150 residents)
What is the median age in Madison?
What is the age distribution of the population in Madison?
- Under 15: 19.8% (54 residents)
- Ages 15-24: 9.9% (27 residents)
- Ages 25-44: 25.3% (69 residents)
- Ages 45-64: 27.1% (74 residents)
- Over 65: 18% (49 residents)
What is the racial and ethnic makeup of Madison?
- White: 65.2% (178 residents)
- Black or African American: 15% (41 residents)
- American Indian and Alaska Native: 0.4% (1 residents)
- Asian: 0% (0 residents)
- Native Hawaiian and Other Pacific Islander: 0% (0 residents)
- Two or More Races: 19.4% (53 residents)
- Other: 0% (0 residents)
What percentage of the population in Madison are U.S.-born citizens?
How many housing units are there in Madison?
How many households are in Madison and what is the average household size?
What is the median household income in Madison?
What is the employment rate and job market overview for Madison?
Job types:
- White-collar workers: 81.3% (126 residents)
- Blue-collar workers: 18.7% (29 residents)
Places of employment:
- Self-employed: 9.7% (15 residents)
- Private companies: 67.7% (105 residents)
- Governmental workers: 20% (31 residents)
- Not-for-profit companies: 2.6% (4 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.