Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 53.2 yrs |
|---|---|
| Avg HH Size | 2.06 |
| Below Poverty | 8.7% ▼ 13% below avg |
| College Grads | 36.9% ≈ Avg |
| Unemployment | 0.9% ▼ 82% below avg |
| No HS Diploma | 6 (0.3%) |
| HS Graduate | 642 (36.4%) |
| Some College | 180 (10.2%) |
| Associates | 285 (16.1%) |
| Bachelors | 284 (16.1%) |
| Graduate Degree | 368 (20.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,250 ▼ 18% below avg |
|---|---|
| Median Home Value | $122,400 ▼ 56% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $906/mo |
| Total Housing Units | 1,349 |
| Vacant Units | 241 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Madison is a city in Minnesota, located in Lac qui Parle County. The city spans 1 ZIP code and is home to approximately 2,352 residents. It is a mature city, with a median age of 53.2 years.
Economically, Madison is a solidly middle-class community. The median household income of $62,250 is below the national average. Approximately 8.7% of residents live below the poverty line. The unemployment rate is 0.9%, well below the national average.
The real estate market in Madison is one of the more affordable housing markets in the country. Median home values stand at $122,400, which is well below the national average. Renters typically pay around $906 per month. Homeownership is high at 76.3%, typical of suburban and family-oriented communities.
The population of Madison is moderately educated. 36.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (97.07%).
Madison, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56256 | 2,352 | $62,250 | $122,400 | $906 | 0.9% | 36.9% | 76.3% |