Madrid

County:: Boone County
County Seat:: No
Area (mi²):: 1.224
State:: Iowa

Madrid is a city located in Boone County, Iowa. Madrid has a 2025 population of 2,797. Madrid is currently declining at a rate of -0.04% annually and its population has decreased by -0.14% since the most recent census, which recorded a population of 2,801 in 2020.

The average household income in Madrid is $89,987 with a poverty rate of 7.38%. The median age in Madrid is 40.1 years: 37.8 years for males, and 42.8 years for females.

Demographics

The racial composition of Madrid includes 97.04% White, and smaller percentages for Two or more races, other race, Black or African American, Native American, Asian, Native Hawaiian or Pacific Islander and multiracial populations.

Population by Race

White

Two or more races

Other race

Black or African American

Native American

Asian

Native Hawaiian or Pacific Islander

Race	Population	Percentage (of total)
White	2,720	97.04%
Two or more races	77	2.75%
Other race	6	0.21%
Black or African American	0	0%
Native American	0	0%
Asian	0	0%
Native Hawaiian or Pacific Islander	0	0%

Madrid Marital Status

Married

Widowed

Divorced

Separated

Never Married

Economics and Income Statistics

Madrid's average per capita income is $51,005. Household income levels show a median of $86,915. The poverty rate stands at 7.38%.

Families: A family includes the owner or renter of the home along with everyone related to them - whether through birth, marriage, or adoption. This includes relatives like spouses, children, parents, siblings, grandparents, and any other family members.

Households: A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

Non Families: A nonfamily household is either someone living alone or when the owner/renter lives with people they aren't related to, like roommates.

Name	Median	Mean
Married Families	$101,838	-
Families	$98,669	$102,013
Households	$86,915	$89,987
Non Families	$55,893	$62,987

$51,005

Average Income

$86,915

Median Household Income

7.38%

Poverty Rate