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The total population of Madison is estimated to be 382 with 172 males (45.03%) and 210 females (54.97%). There are 38 more females than males in Madison.
The median household income in Madison was $47,965 in 2021, which marked an a decrease of 7,040(12.80%) from $55,005 in 2020. This income is 64.29% 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 25 to 44 years old, at $70,935. Overall, the median household income for the village of Madison stands at $47,965.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $35,468 for males and $20,492 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,939 for males and $49,992 for females.
In Madison, population is primarily represented by White households, reporting a median income of $47,965.
In 2022, the population of Madison was 313, a 0.95% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 316, a decline of 0.63% compared to a population of 318 in 2020.
The median age in Madison, NY is 34.1, as per 2021 ACS 5-Year Estimates. Of the total population, 24.21% were under the age of 15, 22.48% aged 15 to 29, 36.02% aged 30 to 64, 12.68% aged 65 to 84, and 4.61% were 85 years of age and older.
Racial distribution of Madison population: 98.56% are White, 1.15% are Black or African American and 0.29% are multiracial.