Living in Madison, Maine
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 4,782 residents with a median age of 49.6. The median household income is $61,747 (17% lower than the Maine median), the median home value is $187,600, the median rent is $906/month.
Madison at a glance
- Population
- 4,782
- Median age
- 49.6State: 44.8
- Median household income
- $61,747State: $74,733
- Median home value
- $187,600State: $296,600
- Median rent
- $906/moState: $1,139
- Homeowners
- 54.6%
- Bachelor's degree or higher
- 21.4%
- Average commute
- 27 min
Is Madison a good place to live?
Pros: Home values 37% lower than the state median; unemployment of 0.7%.
Cons: Median household income 17% lower than the Maine median; an average commute of 27 minutes; a poverty rate of 15%.
The weather is best in June to September.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $187,600, 44% lower than the U.S. median. Renters pay a median of $906 per month, which is 20.7% of household income. Homeowners with a mortgage pay $1,678 a month in housing costs.
Madison median household income
The median household income in Madison is $61,747 and the income per person is $34,350. 15% of residents live below the poverty line (Maine: 10.7%).
Housing in Madison: homes for sale and rent
- Housing units
- 2,684
- Owner-occupied
- 54.6%
- Renter-occupied
- 45.4%
- Vacant
- 16.3%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.03
Madison demographics
- Population
- 4,782
- Median age
- 49.6
- Under 18
- 14.9%
- 65 and older
- 25.1%
- Households
- 2,246
- Foreign-born
- 0.6%
- Veterans
- 9.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
21.4% of adults 25 and older in Madison have a bachelor's degree or higher (Maine: 36.2%), and 4.2% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 0.7%State: 3.8%
- Average commute
- 27 minState: 25 min
- Work from home
- 19.3%
- Drive alone
- 68.7%
- Public transit
- 0%
- Walk to work
- 4.3%
- Homes with broadband
- 81.3%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 4,782 | $61,747 | $187,600 | $906 |
| North Anson | 445 | $60,298 | $143,200 | — |
| Norridgewock | 3,288 | $61,579 | $151,900 | $1,063 |
| Cornville | 1,419 | $79,926 | $167,400 | $1,366 |
| Solon | 963 | $69,205 | $183,600 | $915 |
| Skowhegan | 8,653 | $49,485 | $164,400 | $875 |
| Anson | 2,331 | $52,474 | $117,800 | $928 |
| Embden | 995 | $56,875 | $173,400 | — |
| Starks | 556 | $63,500 | $148,500 | $1,063 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, ME?
The median household income in Madison is $61,747, 17% lower than the Maine median of $74,733 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Madison?
The median home value in Madison is $187,600, compared with $296,600 in Maine.
How much is rent in Madison?
The median gross rent in Madison is $906 per month, about 20.7% of household income.
Is Madison, ME a good place to live?
Pluses: home values 37% lower than the state median; unemployment of 0.7%. Minuses: median household income 17% lower than the Maine median; an average commute of 27 minutes; a poverty rate of 15%.
What is the median age in Madison?
The median age in Madison is 49.6 years (Maine: 44.8).
How long is the commute in Madison?
The average commute to work in Madison is 27 minutes; 19.3% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 0.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
21.4% of adults in Madison have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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