Living in Madrid, Nebraska
Cost of living, income, home prices, rent and demographics of Madrid · Census data 2020–2024
Madrid has 226 residents with a median age of 44. The median household income is $75,000 (about the same as the Nebraska median), the median home value is $91,300.
Madrid is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madrid at a glance
- Population
- 226
- Median age
- 44State: 37.2
- Median household income
- $75,000State: $76,475
- Median home value
- $91,300State: $238,600
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 13.9%
- Average commute
- 21 min
Is Madrid a good place to live?
Pros: Home values 62% lower than the state median.
Cons: Median household income about the same as the Nebraska median; an average commute of 21 minutes; unemployment of 8.3%; a poverty rate of 11.1%.
The weather is best in May–June and August–September.
Cost of living in Madrid
Housing is the biggest part of the cost of living. In Madrid the median home value is $91,300, 73% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,047 a month in housing costs.
Madrid median household income
The median household income in Madrid is $75,000 and the income per person is $31,110. 11.1% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Madrid: homes for sale and rent
- Housing units
- 96
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 6.3%Includes seasonal homes
- Median year built
- 1963
- Average household size
- 2.51
Madrid demographics
- Population
- 226
- Median age
- 44
- Under 18
- 21.2%
- 65 and older
- 18.1%
- Households
- 90
- Foreign-born
- 5.3%
- Veterans
- 9%Adults 18+
Hispanic or Latino can be of any race. Population history of Madrid ›
Education in Madrid
13.9% of adults 25 and older in Madrid have a bachelor's degree or higher (Nebraska: 34.6%), and 1.2% have a graduate or professional degree.
Jobs and commute in Madrid
- Unemployment rate
- 8.3%State: 3%
- Average commute
- 21 minState: 19 min
- Work from home
- 7.6%
- Drive alone
- 83.9%
- Public transit
- 0%
- Walk to work
- 5.9%
- Homes with broadband
- 83.3%
Madrid vs nearby towns
More for people moving to Madrid
Madrid ZIP code ›Weather and climate ›Living in Madrid: FAQ
What is the median household income in Madrid, NE?
The median household income in Madrid is $75,000, about the same as 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 Madrid?
The median home value in Madrid is $91,300, compared with $238,600 in Nebraska.
Is Madrid, NE a good place to live?
Pluses: home values 62% lower than the state median. Minuses: median household income about the same as the Nebraska median; an average commute of 21 minutes; unemployment of 8.3%; a poverty rate of 11.1%.
What is the median age in Madrid?
The median age in Madrid is 44 years (Nebraska: 37.2).
How long is the commute in Madrid?
The average commute to work in Madrid is 21 minutes; 7.6% of workers work from home.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid is 8.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madrid?
13.9% of adults in Madrid 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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