Median Household Income
$61,172 ± $6,359
Median Home Value
$97,000 ± $20,385
Median Gross Rent
$838 ± $141/mo
Per Capita Income
$40,909
Poverty Rate
9.9%
Unemployment Rate
2.6%
Homeownership Rate
73.1%
Bachelor's Degree or Higher
20.8%
Median Age
51.3
Average Commute
14 min
Households
737
Veterans
130
Population Over Time
Madison shrank 0.6% from 2014 to 2024.
2014
1,559
2016
1,567
2018
1,540
2020
1,647
2022
1,566
2024
1,550
Population by Race & Ethnicity
White
93.5%
Hispanic or Latino
0.3%
Black or African American
0.1%
Asian
0.6%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.