Madrid, IA

Census Place

2024 Population

2,808

US Senator

Chuck Grassley

Republican Party

US Senator

Joni Ernst

Republican Party

2024 Median Age

40.3

0.499% 1-year increase

2024 Poverty Rate

6.27%

15% 1-year decrease

2024 Median Household Income

$89,844

3.37% 1-year growth

2024 Median Property Value

$185,600

Population & Diversity

Madrid, IA is home to a population of 2.81k people, from which 100% are citizens.

In 2024, there were 38.9 times more White (Non-Hispanic) residents (2.65k people) in Madrid, IA than any other race or ethnicity. There were 68 White (Hispanic) and 58 Two Races Excluding Other, & Three or More Races (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Madrid, IA residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Madrid, IA was 100%, meaning that the rate of citizenship has been maintaining.

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

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Madrid, IA

White (Non-Hispanic)
2.65k ± 98
White (Hispanic)
68 ± 83
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
58 ± 65

2.99%

Hispanic Population

84 people

2.99% of the people in Madrid, IA are hispanic (84 people).

The following chart shows the 8 races represented in Madrid, IA 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 Iowa.

Most Common Origin

Mexico
44,333 ± 5,134 people
India
11,889 ± 2,672 people
Guatemala
8,189 ± 2,219 people

In 2024, the most common birthplace for the foreign-born residents of Iowa was Mexico, the natal country of 44,333 Iowa residents, followed by India with 11,889 and Guatemala with 8,189.

Military

Veterans

Most Common Service Period

Vietnam
44 ± 33
Gulf War (2001-)
18 ± 21
World War II
12 ± 32

Madrid, IA has a large population of military personnel who served in Vietnam, 2.44 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Madrid, IA.

Economy

The economy of Madrid, IA employs 1.49k people. In 2024, the largest industries in Madrid, IA were Health Care & Social Assistance (285 people), Retail Trade (231 people), and Construction (216 people), and the highest paying industries were Agriculture, Forestry, Fishing & Hunting, & Mining ($70,893), Agriculture, Forestry, Fishing & Hunting ($70,893), and Transportation & Warehousing, & Utilities ($67,813).

Employment

Occupations

1.49k

2024 Value

± 220

2.68%

1 Year growth

± 19.5%

From 2023 to 2024, employment in Madrid, IA grew at a rate of 2.68%, from 1.45k employees to 1.49k employees.

The most common job groups, by number of people living in Madrid, IA, are Sales & Related Occupations (205 people), Construction & Extraction Occupations (148 people), and Management Occupations (140 people). This chart illustrates the share breakdown of the primary jobs held by residents of Madrid, IA.

Unemployment Insurance Claims

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

This chart shows weekly unemployment insurance claims in Iowa (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.

Industries

Employment by Industries

1.49k

2024 Value

± 220

2.68%

1 Year growth

± 19.5%

From 2023 to 2024, employment in Madrid, IA grew at a rate of 2.68%, from 1.45k employees to 1.49k employees.

The most common employment sectors for those who live in Madrid, IA, are Health Care & Social Assistance (285 people), Retail Trade (231 people), and Construction (216 people). This chart shows the share breakdown of the primary industries for residents of Madrid, IA, though some of these residents may live in Madrid, IA and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$53,854

Median earning men ± $3,360

$47,639

Median earning women ± $4,444

The industries with the best median earnings for men in 2024 are Educational Services, & Health Care & Social Assistance ($107,750), Finance & Insurance, & Real Estate & Rental & Leasing ($70,357), and Transportation & Warehousing, & Utilities ($69,688).

The industries with the best median earnings for women in 2024 are Manufacturing ($61,250), Public Administration ($58,750), and Finance & Insurance, & Real Estate & Rental & Leasing ($50,714).

Housing & Living

The median property value in Madrid, IA was $185,600 in 2024, which is 0.558 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $185,100 to $185,600, a 0.27% increase. The homeownership rate in Madrid, IA is 84%, which is higher than the national average of 65.2%.

People in Madrid, IA have an average commute time of 26.7 minutes, and they drove alone to work. Car ownership in Madrid, IA is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$185,600

Median Property Value 2024

±$28,945

$937

Median Property Taxes

±$155

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 Madrid, IA the largest share of households pay taxes in the $3k+ range.

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

Rent vs Own

84%

Homeownership

2024

59.5%

Homeowners with Mortgage

2024

In 2024, 84% of the housing units in Madrid, IA were occupied by their owner. This percentage grew from the previous year's rate of 82%.

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

Equity

Household Income

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

$89,844

Median Household Income

± $11,678

1.12k

Number of Households

± 170

In 2024, the median household income of the 1.12k households in Madrid, IA grew to $89,844 from the previous year's value of $86,915.

The following chart displays the households in Madrid, IA 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 $100k - $125k range.

Wage Distribution

The closest comparable wage GINI for Madrid, IA is from Iowa.

0.435

2024 Wage GINI in Iowa

0.441

2023 Wage GINI in Iowa

In 2024, the income inequality in Iowa was 0.435 according to the GINI calculation of the wage distribution. Income inequality had a 1.29% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Iowa was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Iowa in comparison to the national average.

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

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (73.8%)
Worked At Home (17.3%)
Carpooled (7.6%)

In 2024, 73.8% of workers in Madrid, IA drove alone to work, followed by those who worked at home (17.3%) and those who carpooled to work (7.6%).

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

26.7 minutes

Average Travel Time

Using averages, employees in Madrid, IA have a longer commute time (26.7 minutes) than the normal US worker (26.4 minutes). Additionally, 0.814% of the workforce in Madrid, IA have "super commutes" in excess of 90 minutes.

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

Car Ownership

2 cars

Average Number

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

Poverty

Poverty & Diversity

6.27% of the population for whom poverty status is determined in Madrid, IA (170 out of 2.71k 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 16 - 17 and then Females 25 - 34.

The most common racial or ethnic group living below the poverty line in Madrid, IA is White, followed by Hispanic and Black.

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

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

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

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