Madison, NJ
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Madison, NJ: Quick Facts & Overview
- Population: 16,447 residents (1,473 people per sq. mi.)
- Average House Price: $942,646
- Average Household Income: $171,471
Madison, NJ is located in the state of New Jersey. It is home to about 16,447 people, with around 1,473 residents living in every square mile.
If you want to buy a house in Madison, the average price is around $942,646. That makes local housing 81% higher than the New Jersey average of $522,239, and 205% higher than the national average of $308,592.
The average household in Madison earns about $171,471 a year. This income is 40% higher than the average family in New Jersey ($122,052), and 118% higher than the national average ($78,686).
Population
16,447
Median Household Income
$171,471
Median Home Value
$942,646
Median Age
38.2 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $60,955 |
| Labor Force Participation | 67.5% |
| Unemployment Rate | 6.3% |
| Average Commute Time | 27.6 mins |
Housing & Community Metrics
| Home Ownership Rate | 63.8% |
| Median Rent | $2,253 |
| Rent Burdened (>30% Income) | 31.0% |
| Total Housing Units | 5,614 |
Additional Census & Housing Profile
Geographic Overview
| County | Morris |
| County FIPS | 34027 |
| Metro Area (CBSA) | New York-Newark-Jersey City, NY-NJ |
| Combined Area (CSA) | New York-Newark, NY-NJ-CT-PA |
| Population Density | 1,472.8/sq mi |
| Coordinates (lat/lng) | 40.7586, -74.4169 |
| Timezone | America/New_York |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 3.25 |
| Dual Income Families | 65.6% |
Marital Status
| Married | 51.5% |
| Never Married | 35.5% |
| Divorced | 8.5% |
| Widowed | 4.4% |
Gender
| Male | 48.0% |
| Female | 52.0% |
Health & Poverty
| Uninsured Rate (Health) | 3.4% |
| Poverty Rate | 3.2% |
Key Population Groups
| Veterans | 3.0% |
| Disabled Population | 6.2% |
| Limited English Proficiency | 3.2% |
All ZIP Codes in Madison
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 07940 | 17,610 | $172,708 | $939,742 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Florham Park, NJ | 1.7 miles | 13,564 |
| Green Village, NJ | 2.1 miles | 1,130 |
| Chatham, NJ | 2.2 miles | 11,102 |
| Summit, NJ | 4 miles | 22,705 |
| Morristown, NJ | 4.1 miles | 20,453 |
| New Providence, NJ | 4.1 miles | 13,727 |
| New Vernon, NJ | 4.1 miles | 743 |
| Hanover, NJ | 4.3 miles | 14,769 |
| Whippany, NJ | 4.5 miles | 8,970 |
| Harding, NJ | 4.5 miles | 3,896 |
| Cedar Knolls, NJ | 4.7 miles | 4,882 |
| Morris, NJ | 4.8 miles | 23,424 |
| Short Hills, NJ | 4.9 miles | 14,923 |
| Livingston, NJ | 5 miles | 31,488 |
| Millburn, NJ | 5 miles | 22,145 |
| East Hanover, NJ | 5 miles | 11,152 |
| Gillette, NJ | 5.2 miles | 2,833 |
| Berkeley Heights, NJ | 5.7 miles | 13,426 |
| Mountainside, NJ | 6.1 miles | 7,049 |
| Morris Plains, NJ | 6.2 miles | 6,315 |
| Springfield, NJ | 6.3 miles | 17,171 |
| Troy Hills, NJ | 6.3 miles | 5,179 |
| Long Hill, NJ | 6.4 miles | 8,652 |
| Springfield, NJ | 6.5 miles | 1,304 |
| Stirling, NJ | 6.9 miles | 2,599 |
| Parsippany-Troy Hills, NJ | 7 miles | 56,397 |
| Roseland, NJ | 7.1 miles | 6,268 |
| Parsippany, NJ | 7.3 miles | 21,345 |
| Vauxhall, NJ | 7.5 miles | 6,157 |
| Millington, NJ | 7.7 miles | 3,220 |
| Maplewood, NJ | 7.8 miles | 25,613 |
| Watchung, NJ | 8.1 miles | 6,485 |
| South Orange Village, NJ | 8.2 miles | 18,474 |
| Basking Ridge, NJ | 8.2 miles | 7,917 |
| Fanwood, NJ | 8.2 miles | 7,799 |
| Brookside, NJ | 8.2 miles | 1,465 |
| West Orange, NJ | 8.3 miles | 48,585 |
| Westfield, NJ | 8.3 miles | 31,111 |
| Pleasantdale, NJ | 8.3 miles | 2,145 |
| Rainbow Lakes, NJ | 8.3 miles | 1,375 |
| Pine Brook, NJ | 8.4 miles | 5,961 |
| Mount Tabor, NJ | 8.4 miles | 1,184 |
| Essex Fells, NJ | 8.6 miles | 2,361 |
| Lake Hiawatha, NJ | 8.7 miles | 11,018 |
| Kenilworth, NJ | 8.7 miles | 8,401 |
| West Caldwell, NJ | 8.8 miles | 10,995 |
| Lyons, NJ | 8.8 miles | 5,187 |
| Union, NJ | 8.8 miles | 2,774 |
| Union, NJ | 8.9 miles | 61,071 |
| Garwood, NJ | 8.9 miles | 4,885 |
| Connecticut Farms, NJ | 8.9 miles | 516 |
| Scotch Plains, NJ | 9 miles | 24,843 |
| Cranford, NJ | 9.2 miles | 24,074 |
| Caldwell, NJ | 9.2 miles | 9,003 |
| Mountain Lakes, NJ | 9.2 miles | 4,585 |
| Cranford, NJ | 9.3 miles | 1,937 |
| Bernardsville, NJ | 9.4 miles | 7,916 |
| Mendham, NJ | 9.4 miles | 6,018 |
| Llewellyn Park, NJ | 9.4 miles | 560 |
| City of Orange, NJ | 9.6 miles | 34,281 |
| North Plainfield, NJ | 9.6 miles | 22,809 |
| Bernards, NJ | 9.7 miles | 28,114 |
| Denville, NJ | 9.8 miles | 17,205 |
| Plainfield, NJ | 9.9 miles | 55,236 |
| Irvington, NJ | 10 miles | 60,867 |
| Warren, NJ | 10.1 miles | 16,186 |
| Boonton, NJ | 10.1 miles | 8,854 |
| Roselle Park, NJ | 10.2 miles | 14,093 |
| Randolph, NJ | 10.4 miles | 26,604 |
| Verona, NJ | 10.4 miles | 14,545 |
| Fairfield, NJ | 10.4 miles | 7,824 |
| Victory Gardens, NJ | 10.5 miles | 1,759 |
| East Orange, NJ | 10.7 miles | 70,090 |
| Hillside, NJ | 10.8 miles | 22,349 |
| Liberty Corner, NJ | 10.8 miles | 2,325 |
| Winfield, NJ | 10.8 miles | 1,479 |
| Roselle, NJ | 11 miles | 22,646 |
| Clark, NJ | 11 miles | 15,622 |
| North Caldwell, NJ | 11 miles | 6,656 |
| Montville, NJ | 11.1 miles | 22,876 |
| Kean University, NJ | 11.2 miles | 1,362 |
| Green Brook, NJ | 11.3 miles | 7,028 |
| Dover, NJ | 11.5 miles | 18,563 |
| Watsessing, NJ | 11.5 miles | 8,232 |
| Glen Ridge, NJ | 11.6 miles | 7,943 |
| Montclair, NJ | 11.7 miles | 40,341 |
| Ampere North, NJ | 11.8 miles | 5,029 |
| Cedar Grove, NJ | 11.9 miles | 13,475 |
| Dunellen, NJ | 11.9 miles | 7,911 |
| Far Hills, NJ | 11.9 miles | 948 |
| Towaco, NJ | 12.2 miles | 5,612 |
| Silver Lake, NJ | 12.3 miles | 3,917 |
| White Meadow Lake, NJ | 12.4 miles | 8,842 |
| Bloomfield, NJ | 12.5 miles | 53,793 |
| Rahway, NJ | 12.6 miles | 30,109 |
| Singac, NJ | 12.6 miles | 4,207 |
| Mine Hill, NJ | 12.6 miles | 4,048 |
| South Plainfield, NJ | 12.7 miles | 24,473 |
| Colonia, NJ | 12.7 miles | 18,587 |
| Upper Montclair, NJ | 12.7 miles | 12,457 |