Madison, NJ

Census Place

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2024 Population
16,447
US Senator
Cory Booker
Democratic Party
US Senator
Andy Kim
Democratic Party
2024 Median Age
38.2
2.05% 1-year decrease
2024 Poverty Rate
3.23%
14.4% 1-year increase
2024 Median Household Income
$171,471
1.78% 1-year growth
2024 Median Property Value
$943,200
6.83% 1-year growth
2024 Employed Population
8,284
1.52% 1-year decline

About

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.

94.2% 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 2024, the median property value in Madison, NJ was $943,200, and the homeownership rate was 63.8%.

Most people in Madison, NJ drove alone to work, and the average commute time was 27.6 minutes. The average car ownership in Madison, NJ was 2 cars per household.

United StatesNew JerseyMorris County, NJNew York-Newark-Jersey City, NY-NJ-PAMorris County (South)--Morristown, Madison & Florham Park PUMA, NJ

Population & Diversity

Madison, NJ is home to a population of 16.4k people, from which 94.2% are citizens. As of 2024, 14.8% of Madison, NJ residents were born outside of the country (2.44k people).

In 2024, there were 8.87 times more White (Non-Hispanic) residents (12.1k people) in Madison, NJ than any other race or ethnicity. There were 1.36k Two Races Including Other (Hispanic) and 1.04k Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

94.2%
2024 Citizenship
93.5%
2023 Citizenship

As of 2024, 94.2% of Madison, NJ residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Madison, NJ was 93.5%, 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.

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Diversity

Race and Ethnicity

The 3 largest ethnic groups in Madison, NJ
  1. White (Non-Hispanic)
    12.1k ± 622
  2. Two Races Including Other (Hispanic)
    1.36k ± 485
  3. Asian (Non-Hispanic)
    1.04k ± 283
13.3%
Hispanic Population
2.19k people

In 2024, there were 8.87 times more White (Non-Hispanic) residents (12.1k people) in Madison, NJ than any other race or ethnicity. There were 1.36k Two Races Including Other (Hispanic) and 1.04k Asian (Non-Hispanic) residents, the second and third most common ethnic groups.

13.3% of the people in Madison, NJ are hispanic (2.19k people).

The following chart shows the 8 races represented in Madison, NJ as a share of the total population.

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Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Jersey.
Most Common Origin
  1. India
    273,706 ± 12,653 people
  2. Dominican Republic
    205,965 ± 11,018 people
  3. Mexico
    107,667 ± 8,009 people

In 2023, the most common birthplace for the foreign-born residents of New Jersey was India, the natal country of 273,706 New Jersey residents, followed by Dominican Republic with 205,965 and Mexico with 107,667.

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Foreign-Born Population

14.8%
2024 Foreign-Born Population
2.44k people
15.3%
2023 Foreign-Born Population
2.52k people

As of 2024, 14.8% of Madison, NJ residents (2.44k people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Madison, NJ was 15.3%, meaning that the rate has been decreasing.

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

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Military

Veterans

Most Common Service Period
  1. Gulf War (2001-)
    115 ± 90
  2. Vietnam
    104 ± 67
  3. Korea
    48 ± 51

Madison, NJ has a large population of military personnel who served in Gulf War (2001-), 1.11 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Madison, NJ.

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Economy

The economy of Madison, NJ employs 8.28k people. In 2024, the largest industries in Madison, NJ were Finance & Insurance (1,336 people), Professional, Scientific, & Technical Services (1,209 people), and Educational Services (1,110 people), and the highest paying industries were Finance & Insurance ($208,804), Finance & Insurance, & Real Estate & Rental & Leasing ($205,189), and Information ($190,357).

Employment

Occupations

8.28k
2024 Value
± 613
−1.52%
1 Year decline
± 10.6%

From 2023 to 2024, employment in Madison, NJ declined at a rate of −1.52%, from 8.41k employees to 8.28k employees.

The most common job groups, by number of people living in Madison, NJ, are Management Occupations (1,624 people), Business & Financial Operations Occupations (1,066 people), and Sales & Related Occupations (947 people). This chart illustrates the share breakdown of the primary jobs held by residents of Madison, NJ.

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Unemployment Insurance Claims

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

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

8.28k
2024 Value
± 613
−1.52%
1 Year decline
± 10.6%

From 2023 to 2024, employment in Madison, NJ declined at a rate of −1.52%, from 8.41k employees to 8.28k employees.

The most common employment sectors for those who live in Madison, NJ, are Finance & Insurance (1,336 people), Professional, Scientific, & Technical Services (1,209 people), and Educational Services (1,110 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.

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Median Earnings by Industry

$118,723
Median earning men ± $13,884
$56,289
Median earning women ± $6,744

The industries with the best median earnings for men in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($250,001), Information ($250,001), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($203,384).

The industries with the best median earnings for women in 2024 are Manufacturing ($153,917), Finance & Insurance, & Real Estate & Rental & Leasing ($152,200), and Information ($133,203).

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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.

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Education

In 2023, universities in Madison, NJ awarded 542 degrees. The student population of Madison, NJ in 2023 is skewed towards women, with 1,017 male students and 1,209 female students.

Most students graduating from Universities in Madison, NJ are White (254 and 58.1%), 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 100%).

The most popular majors in Madison, NJ are General Business Administration & Management (52 and 9.59%), Theological Studies (41 and 7.56%), and Divinity & Ministry (37 and 6.83%).

The median tuition cost 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 2023 was 2,226 (45.7% men and 54.3% 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.

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Enrollments by Gender and Races

Universities

In 2023 there were 2,226 students enrolled in Madison, NJ, 45.7% men and 54.3% women.

By race, the largest number of students enrolled was concentrated in White with 1,146 records, of which 59.4% were women and 40.6% men.

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Completions

Concentrations

Most Common
  1. General Business Administration & Management
    52 degrees awarded
  2. General Psychology
    34 degrees awarded
  3. General Biological Sciences
    30 degrees awarded

In 2023, the most common concentation for Bachelors Degree recipients in Madison, NJ was General Business Administration & Management with 52 degrees awarded.

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

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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.

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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.

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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.

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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.

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Housing & Living

The median property value in Madison, NJ was $943,200 in 2024, which is 2.83 times larger than the national average of $332,700. Between 2023 and 2024 the median property value increased from $882,900 to $943,200, a 6.83% increase. The homeownership rate in Madison, NJ is 63.8%, which is lower than the national average of 65.2%.

People in Madison, NJ have an average commute time of 27.6 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.

Housing

Property

$943,200
Median Property Value 2024
±$43,310
$3,582
Median Property Taxes
±$321

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.

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Rent vs Own

63.8%
Homeownership
2024
61.4%
Homeowners with Mortgage
2024

In 2024, 63.8% of the housing units in Madison, NJ were occupied by their owner. This percentage declined from the previous year's rate of 64.2%.

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

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Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
$171,471
Median Household Income
± $19,397
5.61k
Number of Households
± 430

In 2024, the median household income of the 5.61k households in Madison, NJ grew to $171,471 from the previous year's value of $168,469.

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.

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Wage Distribution

The closest comparable wage GINI for Madison, NJ is from New Jersey.
0.486
2023 Wage GINI in New Jersey
0.489
2022 Wage GINI in New Jersey

In 2023, the income inequality in New Jersey was 0.486 according to the GINI calculation of the wage distribution. Income inequality had a 0.709% decline from 2022 to 2023, which means that wage distribution grew somewhat more even. The GINI for New Jersey was higher than than the national average of 0.476. 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.

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Transportation

Commuter Transportation

Most Common Commute in 2024
  1. Drove Alone (51.2%)
  2. Worked At Home (27.7%)
  3. Public Transit (8.01%)

In 2024, 51.2% of workers in Madison, NJ drove alone to work, followed by those who worked at home (27.7%) and those who used public transit to get to work (8.01%).

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.

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Commute Time

27.6 minutes
Average Travel Time

Using averages, employees in Madison, NJ have a longer commute time (27.6 minutes) than the normal US worker (26.4 minutes). Additionally, 5.49% 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.

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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.

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Poverty

Poverty & Diversity

3.23% of the population for whom poverty status is determined in Madison, NJ (480 out of 14.9k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 55 - 64, followed by Females 75+ and then Females 45 - 54.

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

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.

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Health

96.6% of the population of Madison, NJ has health coverage, with 73.3% on employee plans, 3.44% on Medicaid, 11.2% on Medicare, 8.42% on non-group plans, and 0.233% on military or VA plans.

Primary care physicians in New Jersey see 1,279 patients per year on average, which represents a 0% change from the previous year (1,279 patients). Compare this to dentists who see 1157 patients per year, and mental health providers who see 320 patients per year.

By gender, of the total number of insured persons, 47.8% were men and 52.2% were women.

Coverage

Health Care Diversity

In 2024, insured persons according to age ranges were distributed in 26.2% under 18 years, 20.7% between 18 and 34 years, 40.4% between 35 and 64 years, and 12.6% over 64 years.

By gender, of the total number of insured persons, 47.8% were men and 52.2% were women.

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

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Uninsured People

3.42%
Uninsured
73.3%
Employer Coverage
3.44%
Medicaid
11.2%
Medicare
8.42%
Non-Group
0.233%
Military or VA

Between 2023 and 2024, the percent of uninsured citizens in Madison, NJ declined by 11.4% from 3.86% to 3.42%.

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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