Madison is a borough located in Morris County, New Jersey. Madison has a 2025 population of 16,468 . Madison is currently declining at a rate of -0.53% annually and its population has decreased by -2.57% since the most recent census, which recorded a population of 16,902 in 2020.
The average household income in Madison is $247,235 with a poverty rate of 2.82%. The median age in Madison is 39 years: 36.7 years for males, and 41 years for females. For every 100 females there are 96.0 males.
Data after 2023 is projected based on recent change
The racial composition of Madison includes 77.67% White, 5.79% Asian, and smaller percentages for other race, Black or African American, Native American, Native Hawaiian or Pacific Islander and multiracial populations.
White (77.67%)
Two or more races (12.72%)
Asian (5.79%)
Other race (2.41%)
Black or African American (1.21%)
Native American (0.16%)
Native Hawaiian or Pacific Islander (0.05%)
Race | Population | Percentage (of total) |
|---|---|---|
| White | 12,787 | 77.67% |
| Two or more races | 2,094 | 12.72% |
| Asian | 953 | 5.79% |
| Other race | 397 | 2.41% |
| Black or African American | 199 | 1.21% |
| Native American | 26 | 0.16% |
| Native Hawaiian or Pacific Islander | 8 | 0.05% |
Married
Widowed
Divorced
Separated
Never Married
Madison's average per capita income is $91,136. Household income levels show a median of $168,469. The poverty rate stands at 2.82%.
Name | Median | Mean |
|---|---|---|
| Married Families | $232,700 | - |
| Families | $211,992 | $300,956 |
| Households | $168,469 | $247,235 |
| Non Families | $79,310 | $120,598 |
Average Income
Median Household Income
Poverty Rate