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The total population of Madison is estimated to be 3,417 with 1,625 males (47.56%) and 1,792 females (52.44%). There are 167 more females than males in Madison.
The median household income in Madison was $83,230 in 2021, which marked an an increase of 3,700(4.65%) from $79,530 in 2020. This income is 111.56% 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 45 to 64 years old, at $102,761. Overall, the median household income for the village of Madison stands at $83,230.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $54,423 for males and $34,953 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,842 for males and $45,978 for females.
In Madison, population is primarily represented by White households, reporting a median income of $85,797.
In 2022, the population of Madison was 3,421, a 0.26% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 3,430, a decline of 0.23% compared to a population of 3,438 in 2020.
The median age in Madison, OH is 44.9, as per 2021 ACS 5-Year Estimates. Of the total population, 15.84% were under the age of 15, 18.76% aged 15 to 29, 46.17% aged 30 to 64, 15.49% aged 65 to 84, and 3.74% were 85 years of age and older.
Racial distribution of Madison population: 96.76% are White, 1.15% are Black or African American, 0.41% are some other race and 1.68% are multiracial.