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The total population of Madison is estimated to be 56,967 with 28,203 males (49.51%) and 28,764 females (50.49%). There are 561 more females than males in Madison.
The median household income in Madison was $113,858 in 2021, which marked an an increase of 7,100(6.65%) from $106,758 in 2020. This income is 152.61% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Madison sees its highest median household income among householders in the age group of 45 to 64 years old, at $144,215. Overall, the median household income for the city of Madison stands at $113,858.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $84,812 for males and $41,094 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,106 for males and $61,234 for females.
In Madison, the demographic landscape is diverse, spanning 6 distinct racial categories among households. Among these, Asian households have the highest median household income at $167,363, while Black or African American households represent the opposite end with the lowest median household income of $65,241.
In 2022, the population of Madison was 59,785, a 2.50% increase year-by-year from 2021. Previously, in 2021, Madison's population was 58,328, an increase of 1.80% compared to a population of 57,294 in 2020.
The median age in Madison, AL is 38.8, as per 2021 ACS 5-Year Estimates. Of the total population, 22.31% were under the age of 15, 14.85% aged 15 to 29, 51.23% aged 30 to 64, 10.56% aged 65 to 84, and 1.05% were 85 years of age and older.
Racial distribution of Madison population: 73.62% are White, 13.99% are Black or African American, 0.42% are American Indian and Alaska Native, 6.65% are Asian, 0.01% are Native Hawaiian and other Pacific Islander, 1.11% are some other race and 4.21% are multiracial.