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The median household income in Madison town was $152,398 in 2021, which marked an an increase of 16,674(12.29%) from $135,724 in 2020. This income is 204.27% 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 town sees its highest median household income among householders in the age group of 25 to 44 years old, at $191,476. Overall, the median household income for the town of Madison town stands at $152,398.
In Madison town, the median income for all workers aged 15 years and older, regardless of work hours, was $84,699 for males and $46,361 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $138,572 for males and $86,727 for females.
In Madison town, there are just three different racial groups among households. Among these, Asian households report a median household income of $270,229, followed by White households at $149,781, and Two or More Races households with a median household income of $90,943.
In 2021, the population of Madison town was 17,619, a 0.22% decrease year-by-year from 2020. Previously, in 2020, Madison town's population was 17,657, a decline of 1.95% compared to a population of 18,009 in 2019.
The median age in Madison, Connecticut is 50.8, as per 2021 ACS 5-Year Estimates. Of the total population, 14.88% were under the age of 15, 14.47% aged 15 to 29, 47.39% aged 30 to 64, 20.18% aged 65 to 84, and 3.08% were 85 years of age and older.
The total population of Madison town is estimated to be 17,742 with 8,686 males (48.96%) and 9,056 females (51.04%). There are 370 more females than males in Madison town.
Racial distribution of Madison town population: 91.91% are White, 0.50% are Black or African American, 0.23% are American Indian and Alaska Native, 2.99% are Asian, 0.57% are some other race and 3.80% are multiracial.