Living in Madison, New York
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 403 residents with a median age of 28. The median household income is $54,063 (37% lower than the New York median), the median home value is $107,800, the median rent is $942/month.
Madison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madison at a glance
- Population
- 403
- Median age
- 28State: 39.8
- Median household income
- $54,063State: $85,974
- Median home value
- $107,800State: $423,800
- Median rent
- $942/moState: $1,621
- Homeowners
- 62.6%
- Bachelor's degree or higher
- 24.3%
- Average commute
- 24 min
Is Madison a good place to live?
Pros: Home values 75% lower than the state median; an average commute of 24 minutes; unemployment of 1.8%.
Cons: Median household income 37% lower than the New York median; a poverty rate of 24.1%.
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 $107,800, 68% lower than the U.S. median. Renters pay a median of $942 per month, which is 33.9% of household income. Homeowners with a mortgage pay $1,350 a month in housing costs.
Madison median household income
The median household income in Madison is $54,063 and the income per person is $24,726. 24.1% of residents live below the poverty line (New York: 14%).
Housing in Madison: homes for sale and rent
- Housing units
- 167
- Owner-occupied
- 62.6%
- Renter-occupied
- 37.4%
- Vacant
- 16.8%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.73
Madison demographics
- Population
- 403
- Median age
- 28
- Under 18
- 35%
- 65 and older
- 11.2%
- Households
- 139
- Foreign-born
- 0%
- Veterans
- 4.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
24.3% of adults 25 and older in Madison have a bachelor's degree or higher (New York: 40.2%), and 12.4% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 1.8%State: 6.4%
- Average commute
- 24 minState: 33 min
- Work from home
- 6.7%
- Drive alone
- 82.3%
- Public transit
- 0%
- Walk to work
- 3%
- Homes with broadband
- 85.6%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 403 | $54,063 | $107,800 | $942 |
| Oriskany Falls | 600 | $46,375 | $115,000 | $599 |
| Hamilton | 4,370 | $66,750 | $264,200 | $1,245 |
| Munnsville | 369 | $77,750 | $114,400 | $880 |
| Morrisville | 1,594 | $50,000 | $171,900 | $804 |
| Waterville | 1,731 | $82,273 | $170,100 | $820 |
| Earlville | 654 | $75,469 | $134,400 | $1,242 |
| Clinton | 1,813 | $88,182 | $310,100 | $1,095 |
| Vernon | 1,238 | $63,988 | $184,300 | $921 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, NY?
The median household income in Madison is $54,063, 37% lower than the New York median of $85,974 (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 $107,800, compared with $423,800 in New York.
How much is rent in Madison?
The median gross rent in Madison is $942 per month, about 33.9% of household income.
Is Madison, NY a good place to live?
Pluses: home values 75% lower than the state median; an average commute of 24 minutes; unemployment of 1.8%. Minuses: median household income 37% lower than the New York median; a poverty rate of 24.1%.
What is the median age in Madison?
The median age in Madison is 28 years (New York: 39.8).
How long is the commute in Madison?
The average commute to work in Madison is 24 minutes; 6.7% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 1.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
24.3% 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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