Living in Madison Park, New Jersey
Cost of living, income, home prices, rent and demographics of Madison Park · Census data 2020–2024
Madison Park has 9,124 residents with a median age of 33.6. The median household income is $79,509 (23% lower than the New Jersey median), the median home value is $426,500, the median rent is $1,528/month.
Madison Park at a glance
- Population
- 9,124
- Median age
- 33.6State: 40.1
- Median household income
- $79,509State: $103,556
- Median home value
- $426,500State: $454,400
- Median rent
- $1,528/moState: $1,720
- Homeowners
- 32.7%
- Bachelor's degree or higher
- 30.8%
- Average commute
- 32 min
Is Madison Park a good place to live?
Pros: Home values 6% lower than the state median.
Cons: Median household income 23% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 11%; a poverty rate of 13.4%.
The weather is best in May–June and August–September.
Cost of living in Madison Park
Housing is the biggest part of the cost of living. In Madison Park the median home value is $426,500, 28% higher than the U.S. median. Renters pay a median of $1,528 per month, which is 36% of household income. Homeowners with a mortgage pay $2,398 a month in housing costs.
Madison Park median household income
The median household income in Madison Park is $79,509 and the income per person is $35,773. 13.4% of residents live below the poverty line (New Jersey: 9.7%).
Housing in Madison Park: homes for sale and rent
- Housing units
- 3,041
- Owner-occupied
- 32.7%
- Renter-occupied
- 67.3%
- Vacant
- 8.2%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 3.27
Madison Park demographics
- Population
- 9,124
- Median age
- 33.6
- Under 18
- 29.8%
- 65 and older
- 12.2%
- Households
- 2,791
- Foreign-born
- 38.6%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison Park ›
Education in Madison Park
30.8% of adults 25 and older in Madison Park have a bachelor's degree or higher (New Jersey: 43.6%), and 11.4% have a graduate or professional degree.
Jobs and commute in Madison Park
- Unemployment rate
- 11%State: 6.3%
- Average commute
- 32 minState: 31 min
- Work from home
- 6.5%
- Drive alone
- 64.5%
- Public transit
- 8.6%
- Walk to work
- 8.3%
- Homes with broadband
- 90.5%
Madison Park vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison Park | 9,124 | $79,509 | $426,500 | $1,528 |
| Laurence Harbor | 6,191 | $84,291 | $306,700 | $1,903 |
| Sayreville | 45,838 | $99,979 | $444,100 | $1,711 |
| Old Bridge | 68,406 | $104,587 | $461,000 | $1,538 |
| South Amboy | 9,989 | $91,997 | $379,700 | $1,707 |
| Brownville | 2,377 | $89,769 | $403,000 | $2,375 |
| Aberdeen | 19,332 | $121,795 | $448,200 | $1,943 |
| Matawan | 9,710 | $123,354 | $467,800 | $1,824 |
| Cliffwood Beach | 3,056 | $116,500 | $365,600 | — |
More for people moving to Madison Park
Madison Park ZIP code ›Weather and climate ›Living in Madison Park: FAQ
What is the median household income in Madison Park, NJ?
The median household income in Madison Park is $79,509, 23% lower than the New Jersey median of $103,556 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Madison Park?
The median home value in Madison Park is $426,500, compared with $454,400 in New Jersey.
How much is rent in Madison Park?
The median gross rent in Madison Park is $1,528 per month, about 36% of household income.
Is Madison Park, NJ a good place to live?
Pluses: home values 6% lower than the state median. Minuses: median household income 23% lower than the New Jersey median; an average commute of 32 minutes; unemployment of 11%; a poverty rate of 13.4%.
What is the median age in Madison Park?
The median age in Madison Park is 33.6 years (New Jersey: 40.1).
How long is the commute in Madison Park?
The average commute to work in Madison Park is 32 minutes; 6.5% of workers work from home.
What is the unemployment rate in Madison Park?
The unemployment rate in Madison Park is 11% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison Park?
30.8% of adults in Madison Park 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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