Madison

Population: 16,464
Median household income: $168,469
Median home value: $882,900

Madison, a community in Morris County, New Jersey, has 16,464 residents. The median household income of $168,469 is above the Morris County median ($134,929).

From 2019 to 2023, Madison's population held roughly steady from 16,377 to 16,464, while its median home value rose 21.8% from $724,700 to $882,900.

The typical home was built around 1959. 2.8% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 16,464
Median age: 39.0 yrs
Median household income: $168,469
Median home value: $882,900
Median gross rent: $2,248
Housing units: 5,721
Homeownership rate: 64.2%
Bachelor's degree or higher: 70.7%
Unemployment rate: 6.8%

Trends

ACS 5-year · 2019–2023

Population

16,37716,464

Median household income

$146,157$168,469

Median home value

$724,700$882,900

Median gross rent

$1,807$2,248

Year	Population	Median household income	Median home value	Median gross rent
2019	16,377	$146,157	$724,700	$1,807
2020	16,647	$157,188	$741,300	$1,908
2021	16,819	$152,346	$748,800	$2,003
2022	16,521	$163,567	$844,700	$2,168
2023	16,464	$168,469	$882,900	$2,248

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.3%

5 to 1717.6%

18 to 2413.6%

25 to 349.6%

35 to 4412.1%

45 to 5414.2%

55 to 6414.2%

65 to 746.9%

75 and over6.5%

	Count	Share
Under 5	875	5.3%
5 to 17	2,895	17.6%
18 to 24	2,246	13.6%
25 to 34	1,588	9.6%
35 to 44	1,989	12.1%
45 to 54	2,334	14.2%
55 to 64	2,330	14.2%
65 to 74	1,138	6.9%
75 and over	1,069	6.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	12,153	73.8%
Black or African American	186	1.1%
American Indian & Alaska Native	0	0.0%
Asian	950	5.8%
Native Hawaiian & Pacific Islander	8	0.0%
Some other race	61	0.4%
Two or more races	760	4.6%
Hispanic or Latino (any race)	2,346	14.2%

Educational attainment (age 25+)

No high school diploma3.3%

High school graduate14.6%

Some college or associate's11.4%

Bachelor's degree39.9%

Graduate or professional degree30.8%

	Count	Share
No high school diploma	348	3.3%
High school graduate	1,526	14.6%
Some college or associate's	1,187	11.4%
Bachelor's degree	4,173	39.9%
Graduate or professional degree	3,214	30.8%

Commute to work

Mean travel time to work: 27 min

Drove alone52.9%

Carpooled3.4%

Public transit8.1%

Walked8.2%

Bicycle0.6%

Worked from home25.2%

Other means1.6%

How workers get to work

	Count	Share
Drove alone	4,365	52.9%
Carpooled	281	3.4%
Public transit	664	8.1%
Walked	677	8.2%
Bicycle	52	0.6%
Worked from home	2,079	25.2%
Other means	128	1.6%

Travel time

	Count	Share
Under 15 min	2,066	33.5%
15 to 29 min	1,964	31.8%
30 to 44 min	862	14.0%
45 to 59 min	403	6.5%
60+ min	872	14.1%

Households

Average household size: 2.68
Poverty rate: 2.8% (420 of 14,891)

	Count	Share
Family households	3,852	69.4%
Nonfamily households	1,702	30.6%

Housing

Median year structure built: 1959

Occupancy

	Count	Share
Occupied	5,554	97.1%
Vacant	167	2.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	3,563	64.2%
Renter-occupied	1,991	35.8%

1-unit, detached62.8%

1-unit, attached6.8%

2 to 4 units15.3%

5 to 19 units7.8%

20 or more units7.2%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	3,595	62.8%
1-unit, attached	388	6.8%
2 to 4 units	878	15.3%
5 to 19 units	448	7.8%
20 or more units	412	7.2%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3442510
Type (LSAD): 21
Land area: 4.31 sq mi
Water area: 0.01 sq mi
Center point: 40.7580, -74.4178