Madison borough, New Jersey
CityPopulation: 16,464 (2023 estimate)
Located in New Jersey , New Jersey
Census Bureau data for Madison borough from the American Community Survey. "Cities" in Census data include incorporated places, towns, villages, and census-designated places (CDPs) — all places where the Census collects community-level estimates.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — Madison borough
- What is the median household income in Madison borough?
- The median household income in Madison borough is $168,469 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in Madison borough?
- The poverty rate in Madison borough is 1.1% (U.S. Census Bureau ACS 2023).
- What is the median home value in Madison borough?
- $882,900 (U.S. Census Bureau ACS 2023).
- What is the average rent in Madison borough?
- The median gross rent in Madison borough is $2,248 per month (U.S. Census Bureau ACS 2023).
- What percentage of Madison borough residents have a college degree?
- 70.7% of adults in Madison borough hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
16,464
Median Income
$168,469
Median Home Value
$882,900
Poverty Rate
1.1%
Unemployment (ACS 2023)
6.8%
Median Age
39.0 yrs
Since 2019
Median Income:
+$22,312 (+15.3%)
Home Value:
+$158,200 (+21.8%)
Poverty Rate:
-2.0 pp (-64.5%)
Bachelor's+:
+3.5 pp (+5.2%)
Unemployment:
+2.9 pp (+74.4%)
Demographics
Total Population
16,464
Median Age
39.0
Female
51.0%
Race & Ethnicity
Hispanic or Latino 14.2%
White (non-Hisp.) 73.8%
Black 1.2%
Asian 5.8%
Two or More 12.7%
Other 2.4%
Asian Subgroups (% of total pop.)
Chinese
1.9%
Indian
1.7%
Korean
0.8%
Filipino
0.4%
Vietnamese
0.4%
Hispanic Subgroups (% of total pop.)
Cuban
2.3%
Mexican
1.3%
Puerto Rican
1.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$168,469
±$19,923
+$67,419 vs. state
Per Capita Income
$253,626
Median Family Income
$211,992
Poverty Rate
1.1%
-5.9 pp vs. state
Child Poverty Rate
2.3%
Working-Age Poverty Rate
—
SNAP Recipients
2.4%
Social Security Income
—
Retirement Income
21.8%
Household Income Distribution
< $10k
2.5%
$10–15k
0.8%
$15–25k
1.8%
$25–35k
3.3%
$35–50k
5.2%
$50–75k
9.1%
$75–100k
6.3%
$100–150k
16.1%
$150–200k
13.1%
$200k+
41.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
5,721
Owner-Occupied
64.2%
Renter-Occupied
35.8%
Vacancy Rate
2.9%
Median Home Value
$882,900
+$455,300 vs. state
Median Gross Rent
$2,248
Owner Cost Burden (30%+)
16.7%
Renter Cost Burden (30%+)
39.2%
Home Value Distribution
< $50k
0.4%
$50–100k
2.1%
$100–200k
0.7%
$200–300k
0.6%
$300–500k
6.3%
$500k–$1M
50.9%
$1M+
39.0%
Gross Rent Distribution
< $500
3.2%
$500–1k
1.7%
$1–1.5k
4.7%
$1.5–2k
25.0%
$2–2.5k
31.0%
$2.5–3.5k
12.1%
$3.5k+
22.2%
Vehicle Availability
No vehicle
5.6%
1 vehicle
29.9%
2 vehicles
50.0%
3+
14.5%
Housing Type
Single-fam. det.
62.8%
Single-fam. att.
6.8%
2–4 units
10.7%
5–19 units
3.7%
20+ units
7.2%
Housing Age
Pre-1940
24.1%
1940–1969
7.9%
1970–1999
5.7%
2000–2009
4.7%
2010+
9.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
96.7%
Bachelor's or Higher
70.7%
+27.8 pp vs. state
Graduate Degree
30.8%
Some College / Associate
7.5%
Less Than High School
1.8%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
69.0%
Unemployment Rate
6.8%
+0.6 pp vs. state
Work from Home
25.2%
Self-Employed
5.3%
Government Workers
10.4%
Private For-Profit
84.3%
Industry
Edu/Health
21.2%
Finance
17.1%
Prof. Services
15.9%
Retail
9.1%
Manufacturing
8.8%
Arts/Entmt.
8.8%
Public Admin
3.9%
Construction
3.6%
Information
3.6%
Transportation
2.6%
Wholesale
1.8%
Occupation
Management
60.4%
Sales
19.1%
Food Prep
10.4%
Production
7.4%
Construction
2.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
26.9 min
Drove Alone
52.9%
Carpool
3.4%
Public Transit
8.1%
Work from Home
25.2%
Walked
8.2%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
5,554
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
60.7%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
31.0%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
5.3%
5–9
7.2%
10–14
6.6%
15–19
8.9%
20–24
8.6%
25–34
9.6%
35–44
12.1%
45–54
14.2%
55–64
8.5%
65–74
5.7%
75–84
6.9%
85+
4.5%
Under 18: 22.9%
Working age (18–64): 77.1%
65 and over: 13.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
15.4%
Naturalized Citizen
57.9%
Speaks English Less Than Very Well
7.1%
Foreign-Born Origin
Latin America
48.6%
Asia
23.3%
Europe
17.6%
Africa
3.0%
Veterans & Disability
Veteran
2.8%
With a Disability
6.9%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
96.1%
Uninsured
3.9%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
95.1%
Has a Computer
97.0%
Same House 1 Year Ago
90.5%
Moved from Abroad
0.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023