Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.2 yrs |
|---|---|
| Avg HH Size | 2.68 |
| Below Poverty | 2.4% ▼ 76% below avg |
| College Grads | 74.4% ▲ 92% above avg |
| Unemployment | 6.8% ▲ 38% above avg |
| No HS Diploma | 134 (1.4%) |
| HS Graduate | 1,541 (15.6%) |
| Some College | 466 (4.7%) |
| Associates | 390 (3.9%) |
| Bachelors | 407 (4.1%) |
| Graduate Degree | 6,953 (70.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $168,520 ▲ 121% above avg |
|---|---|
| Median Home Value | $883,200 ▲ 217% above avg |
| Home/Income Ratio | 5.2x (nat avg ~3.5x) |
| Median Rent | $2,248/mo |
| Total Housing Units | 5,733 |
| Vacant Units | 167 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Madison is a city in New Jersey, located in Morris County. The city spans 1 ZIP code and is home to approximately 17,675 residents. It is a relatively young city, with a median age of 35.2 years.
Economically, Madison is a affluent community. The median household income of $168,520 is more than double the national average. Approximately 2.4% of residents live below the poverty line. The unemployment rate is 6.8%, above the national average.
The real estate market in Madison is among the most expensive housing markets in the country. Median home values stand at $883,200, which is more than double the national average. Renters typically pay around $2,248 per month. Homeownership is high at 64.2%, typical of suburban and family-oriented communities.
The population of Madison is highly educated. 74.4% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (72.91%).
Madison, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07940 | 17,675 | $168,520 | $883,200 | $2,248 | 6.8% | 74.4% | 64.2% |