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The total population of Madison is estimated to be 383 with 201 males (52.48%) and 182 females (47.52%). There are 19 less females than males in Madison.
The median household income in Madison was $43,687 in 2021, which marked an an increase of 3,591(8.96%) from $40,096 in 2020. This income is 58.56% 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 65 years and over old, at $28,599. Overall, the median household income for the town of Madison stands at $43,687.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $19,495 for males and $21,425 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,532 for males and $35,974 for females.
In Madison, population is primarily represented by White households, reporting a median income of $44,137.
In 2022, the population of Madison was 208, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 208, an increase of 0.97% compared to a population of 206 in 2020.
The median age in Madison, VA is 40.2, as per 2021 ACS 5-Year Estimates. Of the total population, 19.05% were under the age of 15, 17.99% aged 15 to 29, 42.86% aged 30 to 64, 16.67% aged 65 to 84, and 3.44% were 85 years of age and older.
Racial distribution of Madison population: 81.22% are White, 5.03% are Black or African American, 0.53% are American Indian and Alaska Native and 13.23% are multiracial.