Living in Madison, New Hampshire
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 2,680 residents with a median age of 50.3. The median household income is $102,697 (4% higher than the New Hampshire median), the median home value is $388,700, the median rent is $1,556/month.
Madison at a glance
- Population
- 2,680
- Median age
- 50.3State: 43.3
- Median household income
- $102,697State: $99,031
- Median home value
- $388,700State: $402,500
- Median rent
- $1,556/moState: $1,491
- Homeowners
- 94.4%
- Bachelor's degree or higher
- 37.9%
- Average commute
- 22 min
Is Madison a good place to live?
Pros: Median household income 4% higher than the New Hampshire median; home values 3% lower than the state median; an average commute of 22 minutes; a poverty rate of 4.7%.
Cons: Unemployment of 7.3%.
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 $388,700, 17% higher than the U.S. median. Renters pay a median of $1,556 per month, which is 38.8% of household income. Homeowners with a mortgage pay $1,776 a month in housing costs.
Madison median household income
The median household income in Madison is $102,697 and the income per person is $50,046. 4.7% of residents live below the poverty line (New Hampshire: 7.2%).
Housing in Madison: homes for sale and rent
- Housing units
- 1,851
- Owner-occupied
- 94.4%
- Renter-occupied
- 5.6%
- Vacant
- 45.8%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.66
45.8% of homes are vacant most of the year, a sign that Madison has many vacation and second homes.
Madison demographics
- Population
- 2,680
- Median age
- 50.3
- Under 18
- 23.1%
- 65 and older
- 23.1%
- Households
- 1,003
- Foreign-born
- 1.4%
- Veterans
- 6%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
37.9% of adults 25 and older in Madison have a bachelor's degree or higher (New Hampshire: 40.6%), and 17.1% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 7.3%State: 3.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 8%
- Drive alone
- 88.3%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 97.8%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 2,680 | $102,697 | $388,700 | $1,556 |
| Eaton | 501 | $79,063 | $377,300 | — |
| Freedom | 1,494 | $66,136 | $389,000 | — |
| Albany | 790 | $67,639 | $248,300 | $1,194 |
| Tamworth | 2,884 | $68,036 | $366,800 | $1,110 |
| Conway | 10,141 | $64,385 | $314,000 | $1,095 |
| North Conway | 2,041 | $71,198 | $435,000 | $966 |
| Porter | 1,746 | $60,417 | $226,100 | — |
| Brownfield | 1,830 | $60,889 | $287,500 | $1,617 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, NH?
The median household income in Madison is $102,697, 4% higher than the New Hampshire median of $99,031 (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 $388,700, compared with $402,500 in New Hampshire.
How much is rent in Madison?
The median gross rent in Madison is $1,556 per month, about 38.8% of household income.
Is Madison, NH a good place to live?
Pluses: median household income 4% higher than the New Hampshire median; home values 3% lower than the state median; an average commute of 22 minutes; a poverty rate of 4.7%. Minuses: unemployment of 7.3%.
What is the median age in Madison?
The median age in Madison is 50.3 years (New Hampshire: 43.3).
How long is the commute in Madison?
The average commute to work in Madison is 22 minutes; 8% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 7.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
37.9% 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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