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 and multiracial populations.

Population by Race

Race	Population	Percentage (of total)
White	2,720	97.04%
Two or more races	77	2.75%
Other race	6	0.21%

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