Living in Madison, Nebraska
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 2,079 residents with a median age of 35.9. The median household income is $62,738 (18% lower than the Nebraska median), the median home value is $133,200, the median rent is $971/month.
Madison at a glance
- Population
- 2,079
- Median age
- 35.9State: 37.2
- Median household income
- $62,738State: $76,475
- Median home value
- $133,200State: $238,600
- Median rent
- $971/moState: $1,072
- Homeowners
- 73.3%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 14 min
Is Madison a good place to live?
Pros: Home values 44% lower than the state median; an average commute of 14 minutes.
Cons: Median household income 18% lower than the Nebraska median; unemployment of 3.9%; a poverty rate of 15%.
The weather is best in May–June and August–September.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $133,200, 60% lower than the U.S. median. Renters pay a median of $971 per month, which is 23.3% of household income. Homeowners with a mortgage pay $1,145 a month in housing costs.
Madison median household income
The median household income in Madison is $62,738 and the income per person is $24,534. 15% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Madison: homes for sale and rent
- Housing units
- 749
- Owner-occupied
- 73.3%
- Renter-occupied
- 26.7%
- Vacant
- 11.6%Includes seasonal homes
- Median year built
- 1945
- Average household size
- 2.98
Madison demographics
- Population
- 2,079
- Median age
- 35.9
- Under 18
- 27.6%
- 65 and older
- 13.1%
- Households
- 662
- Foreign-born
- 36.1%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
15.7% of adults 25 and older in Madison have a bachelor's degree or higher (Nebraska: 34.6%), and 3.1% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 3.9%State: 3%
- Average commute
- 14 minState: 19 min
- Work from home
- 3.4%
- Drive alone
- 72.4%
- Public transit
- 0%
- Walk to work
- 3%
- Homes with broadband
- 90%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 2,079 | $62,738 | $133,200 | $971 |
| Creston | 170 | $64,792 | $122,700 | $930 |
| Humphrey | 713 | $73,977 | $231,300 | $721 |
| Battle Creek | 1,456 | $95,536 | $194,300 | $960 |
| Norfolk | 26,054 | $58,884 | $211,700 | $875 |
| Leigh | 443 | $63,500 | $95,400 | $805 |
| Lindsay | 313 | $84,167 | $215,000 | $850 |
| Stanton | 1,702 | $76,500 | $177,100 | $834 |
| Woodland Park | 1,657 | $74,000 | $165,600 | $1,413 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, NE?
The median household income in Madison is $62,738, 18% lower than the Nebraska median of $76,475 (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 $133,200, compared with $238,600 in Nebraska.
How much is rent in Madison?
The median gross rent in Madison is $971 per month, about 23.3% of household income.
Is Madison, NE a good place to live?
Pluses: home values 44% lower than the state median; an average commute of 14 minutes. Minuses: median household income 18% lower than the Nebraska median; unemployment of 3.9%; a poverty rate of 15%.
What is the median age in Madison?
The median age in Madison is 35.9 years (Nebraska: 37.2).
How long is the commute in Madison?
The average commute to work in Madison is 14 minutes; 3.4% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
15.7% 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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