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The total population of Madison is estimated to be 389 with 185 males (47.56%) and 204 females (52.44%). There are 19 more females than males in Madison.
The median household income in Madison was $47,290 in 2021, which marked an an increase of 3,239(7.35%) from $44,051 in 2020. This income is 63.39% 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 under 25 years old, at $64,179. Overall, the median household income for the city of Madison stands at $47,290.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $37,742 for males and $27,173 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,107 for males and $36,856 for females.
In Madison, population is primarily represented by White households, reporting a median income of $47,065.
In 2022, the population of Madison was 516, a 0.77% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 520, an increase of 0.19% compared to a population of 519 in 2020.
The median age in Madison, MO is 41.2, as per 2021 ACS 5-Year Estimates. Of the total population, 19.75% were under the age of 15, 16.30% aged 15 to 29, 44.20% aged 30 to 64, 17.04% aged 65 to 84, and 2.72% were 85 years of age and older.
Racial distribution of Madison population: 96.30% are White and 3.70% are multiracial.