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The total population of Madison is estimated to be 2,880 with 1,613 males (56.01%) and 1,267 females (43.99%). There are 346 less females than males in Madison.
The median household income in Madison was $56,188 in 2021, which marked an an increase of 9,799(21.12%) from $46,389 in 2020. This income is 75.31% 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 $81,744. Overall, the median household income for the city of Madison stands at $56,188.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $29,050 for males and $30,851 for females. However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $40,042 for females, while data for males was unavailable due to an insufficient number of sample observations.
In Madison, population is primarily represented by White households, reporting a median income of $56,993.
In 2022, the population of Madison was 2,787, a 2.14% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 2,848, a decline of 1.79% compared to a population of 2,900 in 2020.
The median age in Madison, WV is 46.8, as per 2021 ACS 5-Year Estimates. Of the total population, 16.89% were under the age of 15, 12.53% aged 15 to 29, 46.04% aged 30 to 64, 20.87% aged 65 to 84, and 3.67% were 85 years of age and older.
Racial distribution of Madison population: 95.40% are White, 2.81% are Black or African American and 1.79% are multiracial.