Madison, NJ

Census Place

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2023 Population

16,464

0.345% 1-year decline

US Senator

N/ACory Booker

Democratic Party

US Senator

N/AAndy Kim

Democratic Party

2023 Median Age

1.04% 1-year increase

2023 Poverty Rate

2.82%

19.4% 1-year decrease

2023 Median Household Income

$168,469

3% 1-year growth

2023 Median Property Value

$882,900

4.52% 1-year growth

2023 Employed Population

8,412

1.83% 1-year decline

About

In 2023, Madison, NJ had a population of 16.5k people with a median age of 39 and a median household income of $168,469. Between 2022 and 2023 the population of Madison, NJ declined from 16,521 to 16,464, a −0.345% decrease and its median household income grew from $163,567 to $168,469, a 3% increase.

The 5 largest ethnic groups in Madison, NJ are White (Non-Hispanic) (73.8%), Two+ (Hispanic) (8.1%), Asian (Non-Hispanic) (5.77%), Two+ (Non-Hispanic) (4.62%), and White (Hispanic) (3.85%).

None of the households in Madison, NJ reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

93.5% of the residents in Madison, NJ are U.S. citizens.

The largest universities in Madison, NJ are Drew University (542 degrees awarded in 2023).

In 2023, the median property value in Madison, NJ was $882,900, and the homeownership rate was 64.2%.

Most people in Madison, NJ drove alone to work, and the average commute time was 26.9 minutes. The average car ownership in Madison, NJ was 2 cars per household.

United States New Jersey Morris County, NJ New York-Newark-Jersey City, NY-NJ-PA Morris County (South)--Morristown, Madison & Florham Park PUMA, NJ

Population & Diversity

Madison, NJ is home to a population of 16.5k people, from which 93.5% are citizens. As of 2023, 15.3% of Madison, NJ residents were born outside of the country (2.52k people).

In 2023, there were 9.11 times more White (Non-Hispanic) residents (12.2k people) in Madison, NJ than any other race or ethnicity. There were 1.33k Two+ (Hispanic) and 950 Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

93.5%

2023 Citizenship

93.1%

2022 Citizenship

As of 2023, 93.5% of Madison, NJ residents were US citizens, which is higher than the national average of 93.4%. In 2022, the percentage of US citizens in Madison, NJ was 93.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Madison, NJ compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Madison, NJ

White (Non-Hispanic)
12.2k ± 744
Two+ (Hispanic)
1.33k ± 499
Asian (Non-Hispanic)
950 ± 335

14.2%

Hispanic Population

2.35k people

14.2% of the people in Madison, NJ are hispanic (2.35k people).

The following chart shows the 7 races represented in Madison, NJ as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.

Most Common Origin

India
273,669 ± 12,652 people
Dominican Republic
204,992 ± 10,992 people
Mexico
104,320 ± 7,885 people

In 2022, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,669 New Jersey residents, followed by Dominican Republic with 204,992 and Mexico with 104,320.

Foreign-Born Population

15.3%

2023 Foreign-Born Population

2.52k people

15.1%

2022 Foreign-Born Population

2.5k people

As of 2023, 15.3% of Madison, NJ residents (2.52k people) were born outside of the United States, which is higher than the national average of 13.8%. In 2022, the percentage of foreign-born citizens in Madison, NJ was 15.1%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Madison, NJ compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
141 ± 78
Gulf War (2001-)
88 ± 80
Gulf War (1990s)
19 ± 36

Madison, NJ has a large population of military personnel who served in Vietnam, 1.6 times greater than any other conflict.

Economy

The economy of Madison, NJ employs 8.41k people. The largest industries in Madison, NJ are Finance & Insurance (1,255 people), Educational Services (1,252 people), and Professional, Scientific, & Technical Services (1,049 people), and the highest paying industries are Finance & Insurance ($205,417), Finance & Insurance, & Real Estate & Rental & Leasing ($197,159), and Professional, Scientific, & Technical Services ($157,865).

Males in New Jersey have an average income that is 1.36 times higher than the average income of females, which is $77,965. The income inequality in New Jersey (measured using the Gini index) is 0.489, which is higher than than the national average.

Employment

Occupations

8.41k

2023 Value

± 625

−1.83%

1 Year decline

± 10.7%

From 2022 to 2023, employment in Madison, NJ declined at a rate of −1.83%, from 8.57k employees to 8.41k employees.

The most common job groups, by number of people living in Madison, NJ, are Management Occupations (1,540 people), Sales & Related Occupations (995 people), and Education Instruction, & Library Occupations (993 people). This chart illustrates the share breakdown of the primary jobs held by residents of Madison, NJ.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for false.

This chart shows weekly unemployment insurance claims in New Jersey (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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Industries

Employment by Industries

8.41k

2023 Value

± 625

−1.83%

1 Year decline

± 10.7%

From 2022 to 2023, employment in Madison, NJ declined at a rate of −1.83%, from 8.57k employees to 8.41k employees.

The most common employment sectors for those who live in Madison, NJ, are Finance & Insurance (1,255 people), Educational Services (1,252 people), and Professional, Scientific, & Technical Services (1,049 people). This chart shows the share breakdown of the primary industries for residents of Madison, NJ, though some of these residents may live in Madison, NJ and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$109,620

Median earning men ± $17,940

$54,810

Median earning women ± $6,800

The industries with the best median earnings for men in 2023 are Information ($250,001), Finance & Insurance, & Real Estate & Rental & Leasing ($237,000), and Manufacturing ($196,250).

The industries with the best median earnings for women in 2023 are Finance & Insurance, & Real Estate & Rental & Leasing ($145,114), Manufacturing ($132,750), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($68,922).

Employment by Industry Sector

Data is only available at the state level. Showing data for New Jersey.

Y-Axis

2.27%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 4.24M people employed in New Jersey. This represents a 2.27% increase in employment when compared to February 2022.

Right after the beginning of the COVID-19 pandemic, during April 2020, a general dip can be seen across industry sectors, resulting in an overall decline in employment by 16.5%.

The following chart shows monthly employment numbers for each industry sector in New Jersey.

Education

Most students graduating from Universities in Madison, NJ are White (254 and 58.1%), followed by Hispanic or Latino (54 and 12.4%), Black or African American (50 and 11.4%), and Two or More Races (32 and 7.32%).

The largest universities in Madison, NJ by number of degrees awarded are Drew University (542 and NaNM%).

The most popular majors in Madison, NJ are General Business Administration & Management (52 and NaNM%), Theological Studies (41 and NaNM%), and Divinity & Ministry (37 and NaNM%).

The median tuition cost in Madison, NJ for private four year colleges is $44,260.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2023 in Madison, NJ, the percentage of applicants admitted was 69.4%, while the percentage of admitted who enrolled was 12.6%. The number of students enrolled in N/A was N/A (N/A% men and N/A% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Completions

Concentrations

Most Common

General Biological Sciences
30 degrees awarded
General Business Administration & Management
52 degrees awarded
General Psychology
34 degrees awarded

In 2023, the most common concentation for Bachelors Degree recipients in Madison, NJ was General Biological Sciences with 30 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Madison, NJ according to their major.

Universities

Gender

Race

Drew University

Largest Universities by degrees awarded

542 degrees awarded

In 2023, the institution with the largest number of graduating students was Drew University with 542 degrees awarded.

Student Diversity

University

In 2023, 222 men were awarded degrees from institutions in Madison, NJ, which is 0.694 times less than the 320 female students who received degrees in the same year.

In 2023, the most common race/ethnicity group awarded degrees at institutions was White students. These 254 degrees mean that there were 4.7 times more degrees awarded to White students then the next closest race/ethnicity group, Hispanic or Latino, with 54 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Private not-for-profit, 4-year or above ($44,260) is the sector with the highest median state tuition in 2023.

Private not-for-profit, 4-year or above ($1,100) is the sector with the highest median state fee in 2023.

Private not-for-profit, 4-year or above ($1,200) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Working Population

Educational Pyramid

Data is only available at the state level. Showing data for New Jersey.

Measure

In 2022, 1.15% of men over 25 years of age had not completed any academic degree (no schooling), while 1.13% of women were in the same situation.

This visualization shows the gender distribution of the population according to the academic level reached.

Educational Attainment

Data is only available at the state level. Showing data for New Jersey.

Race

The most common educational levels obtained by the working population in 2022 were High School or Equivalent (1.92M), Bachelors Degree (1.77M), and Some college (1.3M).

This visualization illustrates the percentage distribution of the population according to the highest educational level reached. You can filter the data by race by using the selector above.

Housing & Living

The median property value in Madison, NJ was $882,900 in 2023, which is 2.91 times larger than the national average of $303,400. Between 2022 and 2023 the median property value increased from $844,700 to $882,900, a 4.52% increase. The homeownership rate in Madison, NJ is 64.2%, which is approximately the same as the national average of 65%.

People in Madison, NJ have an average commute time of 26.9 minutes, and they drove alone to work. Car ownership in Madison, NJ is approximately the same as the national average, with an average of 2 cars per household.

Median household income in Madison, NJ is $168,469. In 2023, the place with the highest median household income in Madison, NJ was Census Tract 431 with a value of $228,333, followed by Census Tract 432 and Census Tract 430, with respective values of $163,906 and $156,461.

Housing

Property

$882,900

Median Property Value 2023

±$49,689

$3,563

Median Property Taxes

±$328

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Madison, NJ the largest share of households pay taxes in the $3k+ range.

The chart underneath the paragraph shows the property taxes in Madison, NJ compared to it's parent and neighbor geographies.

Rent vs Own

64.2%

Homeownership

2023

63.9%

Homeowners with Mortgage

2023

In 2023, 64.2% of the housing units in Madison, NJ were occupied by their owner. This percentage grew from the previous year's rate of 63.6%.

This chart shows the percentage of owner in Madison, NJ compared it's parent and neighboring geographies.

Equity

Income by Location

Use the dropdown to filter by race/ethnicity.

Race/Ethnicity

Highest Median Household Income (Total)

Census Tract 431
Census Tract 432
Census Tract 430

In 2023, the place with the highest Median Household Income (Total) in Madison, NJ was Census Tract 431 with a value of $228,333, followed by Census Tract 432 and Census Tract 430, with respective values of $163,906 and $156,461.

The following map shows all of the places in Madison, NJ colored by their Median Household Income (Total).

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$168,469

Median Household Income

± $19,923

5.55k

Number of Households

± 447

In 2023, the median household income of the 5.55k households in Madison, NJ grew to $168,469 from the previous year's value of $163,567.

The following chart displays the households in Madison, NJ distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $200k+ range.

Wage Distribution

The closest comparable wage GINI for Madison, NJ is from New Jersey.

0.489

2022 Wage GINI in New Jersey

0.49

2021 Wage GINI in New Jersey

In 2022, the income inequality in New Jersey was 0.489 according to the GINI calculation of the wage distribution. Income inequality had a 0.278% decline from 2021 to 2022, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.478. In other words, wages are distributed less evenly in New Jersey in comparison to the national average.

This chart shows the number of workers in New Jersey across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2023

Drove Alone (52.9%)
Worked At Home (25.2%)
Walked (8.21%)

In 2023, 52.9% of workers in Madison, NJ drove alone to work, followed by those who worked at home (25.2%) and those who walked to work (8.21%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

26.9 minutes

Average Travel Time

Using averages, employees in Madison, NJ have a longer commute time (26.9 minutes) than the normal US worker (26.6 minutes). Additionally, 4.51% of the workforce in Madison, NJ have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Madison, NJ compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Madison, NJ distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Madison, NJ have 2 cars.

Poverty

Poverty & Diversity

2.82% of the population for whom poverty status is determined in Madison, NJ (420 out of 14.9k people) live below the poverty line, a number that is lower than the national average of 12.4%. The largest demographic living in poverty are Females 55 - 64, followed by Females 75+ and then Females 12 - 14.

The most common racial or ethnic group living below the poverty line in Madison, NJ is White, followed by Asian and Hispanic.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals
Florida
4,915 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798. New York has the second highest (5,087), followed by Florida (4,915).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

Health

96.1% of the population of Madison, NJ has health coverage, with 70.9% on employee plans, 4.38% on Medicaid, 11.2% on Medicare, 9.39% on non-group plans, and 0.233% on military or VA plans.

Primary care physicians in Morris County, NJ see 990 patients per year on average, which represents a 2.27% increase from the previous year (968 patients). Compare this to dentists who see 873 patients per year, and mental health providers who see 323 patients per year.

Coverage

Patient to Clinician Ratios

Data is only available at the country level. Showing data for Morris County, NJ.

990 to 1

Patient to Primary Care Physician Ratio in Morris County, NJ

Primary care physicians in Morris County, NJ see an average of 990 patients per year. This represents a 2.27% increase from the previous year (968 patients).

The following chart shows how the number of patients seen by primary care physicians has been changing over time in Morris County, NJ in comparison to its neighboring geographies.

Health Care Diversity

In 2023, insured persons according to age ranges were distributed in 25.7% under 18 years, 20.9% between 18 and 34 years, 40.6% between 35 and 64 years, and 12.8% over 64 years.

By gender, of the total number of insured persons, 48.3% were men and 51.7% were women.

The following chart shows the number of people with health coverage by gender.

Uninsured People

3.86%

Uninsured

70.9%

Employer Coverage

4.38%

Medicaid

11.2%

Medicare

9.39%

Non-Group

0.233%

Military or VA

Between 2022 and 2023, the percent of uninsured citizens in Madison, NJ grew by 4.81% from 3.68% to 3.86%.

The following chart shows how the percent of uninsured individuals in Madison, NJ changed over time compared with the percent of individuals enrolled in various types of health insurance.

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