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The total population of Madison is estimated to be 2,930 with 1,386 males (47.30%) and 1,544 females (52.70%). There are 158 more females than males in Madison.
The median household income in Madison was $33,272 in 2021, which marked an an increase of 2,126(6.83%) from $31,146 in 2020. This income is 44.60% 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 65 years and over old, at $52,598. Overall, the median household income for the city of Madison stands at $33,272.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $25,789 for males and $21,380 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,363 for males and $27,285 for females.
In Madison, there are just two different racial groups among households. Among these, White households report a median household income of $61,275, while Black or African American households have a median household income of $26,145.
In 2022, the population of Madison was 2,960, a 0.10% increase year-by-year from 2021. Previously, in 2021, Madison's population was 2,957, an increase of 1.48% compared to a population of 2,914 in 2020.
The median age in Madison, FL is 34.4, as per 2021 ACS 5-Year Estimates. Of the total population, 18.53% were under the age of 15, 24.87% aged 15 to 29, 39.34% aged 30 to 64, 15.09% aged 65 to 84, and 2.17% were 85 years of age and older.
Racial distribution of Madison population: 38.44% are White, 56.67% are Black or African American, 2% are some other race and 2.89% are multiracial.