Madison is a borough located in Morris County, New Jersey. Madison has a 2025 population of 16,118. Madison is currently declining at a rate of -0.96% annually and its population has decreased by -4.64% 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.
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.
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