Population 16,103 · Census ACS 2020–24
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Population and households in Madison
Household size in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.60 | 2.79 | 2.77 | 2.68 |
| 2010–14 | 2.63 | 2.85 | 2.82 | 2.73 |
| 2015–19 | 2.75 | 2.82 | 2.78 | 2.71 |
| 2020–24 | 2.70 | 2.79 | 2.76 | 2.65 |
| Change | +0.10 | −0.00 | −0.01 | −0.03 |
Households in Madison average 2.70 people, about the same as the country as a whole (2.65). The typical household here is smaller than in the wider New York area, where it has 2.79 people. Household size has climbed from 2.60 in 2006–10, even as the national average fell.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 37.6 | 38.0 | 39.1 | 37.7 |
| 2010–14 | 39.1 | 38.7 | 40.0 | 38.6 |
| 2015–19 | 40.0 | 39.8 | 41.0 | 39.6 |
| 2020–24 | 38.8 | 40.4 | 40.9 | 40.1 |
| Change | +1.2 | +2.4 | +1.8 | +2.3 |
Half of the people in Madison are younger than 38.8 and half are older, close to the national median of 40.1. The population here is younger than in the New York area as a whole, where the median age is 40.4. Since 2006–10, the median age has climbed from 37.6, mirroring the country.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.2% | 13.1% | 11.6% | 12.3% |
| 2010–14 | 7.7% | 12.8% | 11.8% | 12.3% |
| 2015–19 | 7.6% | 11.4% | 10.8% | 11.6% |
| 2020–24 | 5.4% | 11.6% | 11.3% | 11.6% |
| Change | −1.8 pts | −1.5 pts | −0.4 pts | −0.6 pts |
Single-parent households are relatively rare in Madison: 5.4% of households, against 11.6% nationally. The single-parent share is down 1.8 points from 2006–10, mirroring the country.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Madison
Renters in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 31.2% | 47.1% | 33.1% | 33.3% |
| 2010–14 | 30.6% | 48.7% | 35.0% | 35.6% |
| 2015–19 | 32.8% | 48.8% | 36.1% | 36.0% |
| 2020–24 | 36.3% | 48.6% | 36.2% | 34.8% |
| Change | +5.1 pts | +1.5 pts | +3.1 pts | +1.5 pts |
Renting in Madison is about as common as it is nationally: 36.3% of households rent, against 34.8%. Renters make up a smaller share here than in the wider New York area (48.6%). Among homeowners, 33.0% have no mortgage at all, below the national share of 39.8%. The renter share is up 5.1 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.3% | 9.1% | 9.1% | 11.4% |
| 2010–14 | 7.2% | 9.0% | 9.3% | 11.4% |
| 2015–19 | 5.6% | 9.1% | 9.3% | 11.1% |
| 2020–24 | 3.7% | 7.9% | 6.6% | 9.6% |
| Change | −3.5 pts | −1.2 pts | −2.5 pts | −1.8 pts |
Empty homes are scarce in Madison: just 3.7% sit vacant, compared with 9.6% nationally, a sign of a tight housing market. Since 2006–10, vacancy has fallen 3.5 points, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 1955 | 1957 | 1965 | 1974 |
| 2010–14 | 1955 | 1958 | 1966 | 1975 |
| 2015–19 | 1955 | 1959 | 1967 | 1977 |
| 2020–24 | 1964 | 1962 | 1969 | 1980 |
| Change | +9 | +5 | +5 | +6 |
The housing in Madison is old by national standards: the median home dates to 1964, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. The median year built has moved up from 1955 in 2006–10, a sign of steady new building. Newer construction is concentrated in the north, while the east has the oldest housing.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,483 | $1,268 | $1,246 | $965 |
| 2010–14 | $1,533 | $1,377 | $1,324 | $1,040 |
| 2015–19 | $1,968 | $1,645 | $1,522 | $1,213 |
| 2020–24 | $2,387 | $2,060 | $1,896 | $1,571 |
| Change | +$905 | +$792 | +$651 | +$606 |
A typical rental in Madison costs $2,387 a month with utilities, well above the national median of $1,571. Rent has climbed $905 a month since 2006–10, up 61%, roughly in step with the nation. The typical renter here spends 29.2% of household income on rent, just under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. The priciest rents are in the southwest; the most affordable are in the northwest.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Madison
Bachelor's degrees in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 61.1% | 35.0% | 34.7% | 28.4% |
| 2010–14 | 67.0% | 36.7% | 36.4% | 29.6% |
| 2015–19 | 68.3% | 39.9% | 39.6% | 32.1% |
| 2020–24 | 74.5% | 43.6% | 43.4% | 35.6% |
| Change | +13.3 pts | +8.6 pts | +8.6 pts | +7.2 pts |
College graduates are unusually common in Madison: 74.5% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. The share with a degree has risen 13.3 points since 2006–10, mirroring the country. Of the 415 New Jersey cities with 5,000+ people, only 26 have a higher share of college graduates.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 92.8% | 83.7% | 87.0% | 84.9% |
| 2010–14 | 95.3% | 84.6% | 88.1% | 86.1% |
| 2015–19 | 95.6% | 86.2% | 89.5% | 87.7% |
| 2020–24 | 97.2% | 86.9% | 90.2% | 89.3% |
| Change | +4.4 pts | +3.3 pts | +3.2 pts | +4.3 pts |
Finishing high school is nearly universal in Madison: 97.2% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma has risen 4.4 points since 2006–10, as it has nationally. Madison has a higher share of high school graduates than at least four in five New Jersey cities.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Madison
| Period | Madison | New York area | New Jersey | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.8% | 7.9% | 7.9% | 8.1% |
| 2010–14 | 7.1% | 9.5% | 9.8% | 9.4% |
| 2015–19 | 3.7% | 5.7% | 5.6% | 5.6% |
| 2020–24 | 5.9% | 6.9% | 6.4% | 5.4% |
| Change | +1.1 pts | −0.9 pts | −1.5 pts | −2.7 pts |
At 5.9%, unemployment in Madison is close to the national rate of 5.4%. The rate is lower than in the New York area overall (6.9%). Unemployment has edged up 1.1 points since 2006–10, even as the national rate fell.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Madison compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Madison | 2.70 | 38.8 | 5.4% | 36.3% | 3.7% | 1964 | $2,387 | 74.5% | 97.2% | 5.9% |
| Florham Park | 2.63 | 39.9 | 3.6% | 29.4% | 8.9% | 1986 | $2,723 | 70.0% | 98.9% | 5.2% |
| Chatham | 3.11 | 39.4 | 4.9% | 15.1% | 3.9% | 1961 | $2,602 | 83.2% | 99.1% | 5.8% |
| Green Village | 2.70 | 46.9 | 4.0% | 28.8% | 2.0% | 1968 | $2,644 | 74.6% | 96.8% | 4.1% |
| New Vernon | 2.80 | 52.9 | 2.2% | 9.8% | 3.4% | 1963 | $1,560 | 74.1% | 95.2% | 4.0% |
| Summit | 2.79 | 43.4 | 6.9% | 31.4% | 5.1% | 1951 | $2,480 | 74.2% | 95.5% | 5.6% |
| New Providence | 2.55 | 45.7 | 5.2% | 22.7% | 6.4% | 1968 | $1,925 | 69.7% | 95.9% | 3.9% |
| Morristown | 2.53 | 41.1 | 9.2% | 37.2% | 4.1% | 1972 | $2,544 | 65.3% | 93.7% | 4.5% |
| Whippany | 2.54 | 50.1 | 5.0% | 12.9% | 1.4% | 1974 | $2,656 | 57.6% | 97.3% | 3.3% |
| Cedar Knolls | 2.60 | 45.2 | 3.6% | 38.5% | 3.0% | 1979 | $2,783 | 53.5% | 91.4% | 1.9% |
| East Hanover | 2.88 | 45.6 | 2.4% | 9.7% | 2.8% | 1974 | $2,695 | 59.3% | 96.4% | 4.2% |
All figures 2020–24.
Cities with similar populations: Quincy, FL · Crowley, LA · Cumberland, RI · Dandridge, TN · Dardenne Prairie, MO · Delmar, NY · Denville, NJ · DeSoto, MO · Dewitt, MI · Dexter, MI
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Madison. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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