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The total population of Madison Lake is estimated to be 1,190 with 554 males (46.55%) and 636 females (53.45%). There are 82 more females than males in Madison Lake.
The median household income in Madison Lake was $104,376 in 2021, which marked an an increase of 1,381(1.34%) from $102,995 in 2020. This income is 139.90% 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 Lake sees its highest median household income among householders in the age group of 25 to 44 years old, at $136,195. Overall, the median household income for the city of Madison Lake stands at $104,376.
In Madison Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $57,713 for males and $54,104 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,257 for males and $64,179 for females.
In Madison Lake, population is primarily represented by White households, reporting a median income of $104,376.
In 2022, the population of Madison Lake was 1,280, a 1.67% increase year-by-year from 2021. Previously, in 2021, Madison Lake's population was 1,259, an increase of 0.40% compared to a population of 1,254 in 2020.
The median age in Madison Lake, MN is 39.9, as per 2021 ACS 5-Year Estimates. Of the total population, 20.79% were under the age of 15, 14.01% aged 15 to 29, 50.73% aged 30 to 64, 14.47% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Madison Lake population: 97.25% are White, 0.27% are Asian and 2.47% are multiracial.