Madison is a borough located in Morris County, New Jersey. Madison has a 2026 population of 16,381. Madison is currently declining at a rate of -0.53% annually and its population has decreased by -3.08% since the most recent census, which recorded a population of 16,902 in 2020.
The median household income in Madison is $171,471 with a poverty rate of 3.23%. The median age in Madison is 38.2 years: 37 years for males, and 40.6 years for females. For every 100 females there are 92.3 males.
Data after 2023 is projected based on recent change
Overall: 38.2 years
Female: 40.6 years
Male: 37 years
There are 12,633 adults, (2,183 of whom are seniors) in Madison.
Female: 8,555 (52%)
Male: 7,892 (48%)
The racial composition of Madison includes 75.11% White, 6.34% 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 | 12,353 | 75.11% |
| Two or more races | 2,326 | 14.14% |
| Asian | 1,042 | 6.34% |
| Other race | 448 | 2.72% |
| Black or African American | 243 | 1.48% |
| Native American | 25 | 0.15% |
| Native Hawaiian or Pacific Islander | 10 | 0.06% |
Madison 's average per capita income is $91,723. Household income levels show a median of $171,471. The poverty rate stands at 3.23%.
| Name | Median ↓ | Mean |
|---|---|---|
| Married Families | $221,167 | - |
| Families | $213,750 | $316,438 |
| Households | $171,471 | $255,680 |
| Non Families | $74,149 | $121,964 |
Average Income
Median Household Income
Poverty Rate