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The total population of Madrid town is estimated to be 1,797 with 963 males (53.59%) and 834 females (46.41%). There are 129 less females than males in Madrid town.
The median household income in Madrid town was $65,582 in 2021, which marked an an increase of 3,684(5.95%) from $61,898 in 2020. This income is 87.90% 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 town sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,225. Overall, the median household income for the town of Madrid town stands at $65,582.
In Madrid town, the median income for all workers aged 15 years and older, regardless of work hours, was $35,017 for males and $29,725 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,576 for males and $51,614 for females.
In Madrid town, population is primarily represented by White households, reporting a median income of $65,634.
In 2022, the population of Madrid town was 1,732, a 0.35% decrease year-by-year from 2021. Previously, in 2021, Madrid town's population was 1,738, an increase of 0.06% compared to a population of 1,737 in 2020.
The median age in Madrid, New York is 33.8, as per 2021 ACS 5-Year Estimates. Of the total population, 27.40% were under the age of 15, 15.23% aged 15 to 29, 44.90% aged 30 to 64, 9.29% aged 65 to 84, and 3.18% were 85 years of age and older.
Racial distribution of Madrid town population: 96.94% are White, 0.30% are Black or African American, 0.42% are Asian and 2.34% are multiracial.