Living in Madison, North Carolina
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 2,242 residents with a median age of 47.5. The median household income is $52,593 (27% lower than the North Carolina median), the median home value is $184,900, the median rent is $830/month.
Madison at a glance
- Population
- 2,242
- Median age
- 47.5State: 39.1
- Median household income
- $52,593State: $72,388
- Median home value
- $184,900State: $288,900
- Median rent
- $830/moState: $1,228
- Homeowners
- 57.7%
- Bachelor's degree or higher
- 15.1%
- Average commute
- 20 min
Is Madison a good place to live?
Pros: Home values 36% lower than the state median; an average commute of 20 minutes; a poverty rate of 8%.
Cons: Median household income 27% lower than the North Carolina median; unemployment of 10.3%.
The weather is best in April–May and September–October.
Cost of living in Madison
Housing is the biggest part of the cost of living. In Madison the median home value is $184,900, 44% lower than the U.S. median. Renters pay a median of $830 per month, which is 18.3% of household income. Homeowners with a mortgage pay $1,208 a month in housing costs.
Madison median household income
The median household income in Madison is $52,593 and the income per person is $31,282. 8% of residents live below the poverty line (North Carolina: 13%).
Housing in Madison: homes for sale and rent
- Housing units
- 1,161
- Owner-occupied
- 57.7%
- Renter-occupied
- 42.3%
- Vacant
- 8.7%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.11
Madison demographics
- Population
- 2,242
- Median age
- 47.5
- Under 18
- 13.9%
- 65 and older
- 22.2%
- Households
- 1,060
- Foreign-born
- 2.5%
- Veterans
- 8.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Madison ›
Education in Madison
15.1% of adults 25 and older in Madison have a bachelor's degree or higher (North Carolina: 35.7%), and 9% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 10.3%State: 4.7%
- Average commute
- 20 minState: 25 min
- Work from home
- 10.1%
- Drive alone
- 75.3%
- Public transit
- 0%
- Walk to work
- 2%
- Homes with broadband
- 84%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 2,242 | $52,593 | $184,900 | $830 |
| Mayodan | 2,401 | $38,446 | $120,600 | $817 |
| Stoneville | 1,094 | $44,630 | $150,600 | $738 |
| Walnut Cove | 2,115 | $44,815 | $217,300 | $674 |
| Stokesdale | 6,004 | $121,071 | $379,100 | $1,450 |
| Wentworth | 2,692 | $68,500 | $170,300 | $800 |
| Danbury | 197 | $72,250 | $181,300 | $1,167 |
| Ridgeway | 1,051 | $76,875 | $164,300 | $727 |
| Summerfield | 11,116 | $160,275 | $521,900 | $1,521 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, NC?
The median household income in Madison is $52,593, 27% lower than the North Carolina median of $72,388 (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 $184,900, compared with $288,900 in North Carolina.
How much is rent in Madison?
The median gross rent in Madison is $830 per month, about 18.3% of household income.
Is Madison, NC a good place to live?
Pluses: home values 36% lower than the state median; an average commute of 20 minutes; a poverty rate of 8%. Minuses: median household income 27% lower than the North Carolina median; unemployment of 10.3%.
What is the median age in Madison?
The median age in Madison is 47.5 years (North Carolina: 39.1).
How long is the commute in Madison?
The average commute to work in Madison is 20 minutes; 10.1% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 10.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Madison?
15.1% 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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