Madrid, IA Demographics

The total population of Madrid is estimated to be 2,784 with 1,368 males (49.14%) and 1,416 females (50.86%). There are 48 more females than males in Madrid.
The median household income in Madrid was $73,300 in 2021, which marked an a decrease of 3,069(4.02%) from $76,369 in 2020. This income is 98.25% 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, Madrid sees its highest median household income among householders in the age group of 45 to 64 years old, at $86,473. Overall, the median household income for the city of Madrid stands at $73,300.
In Madrid, the median income for all workers aged 15 years and older, regardless of work hours, was $45,987 for males and $35,512 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,055 for males and $57,923 for females.
In Madrid, population is primarily represented by White households, reporting a median income of $73,300.
In 2022, the population of Madrid was 2,802, a 0.36% decrease year-by-year from 2021. Previously, in 2021, Madrid's population was 2,812, an increase of 0.46% compared to a population of 2,799 in 2020.
The median age in Madrid, IA is 44.2, as per 2021 ACS 5-Year Estimates. Of the total population, 14.77% were under the age of 15, 18.51% aged 15 to 29, 45.00% aged 30 to 64, 16.46% aged 65 to 84, and 5.25% were 85 years of age and older.
Racial distribution of Madrid population: 98.31% are White, 0.07% are Black or African American and 1.62% are multiracial.