Living in Madison, Virginia
Cost of living, income, home prices, rent and demographics of Madison · Census data 2020–2024
Madison has 273 residents with a median age of 39.8. The median household income is $65,625 (30% lower than the Virginia median), the median home value is $334,400, the median rent is $990/month.
Madison is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Madison at a glance
- Population
- 273
- Median age
- 39.8State: 39
- Median household income
- $65,625State: $93,170
- Median home value
- $334,400State: $383,700
- Median rent
- $990/moState: $1,579
- Homeowners
- 45.8%
- Bachelor's degree or higher
- 15.1%
- Average commute
- 33 min
Is Madison a good place to live?
Pros: Home values 13% lower than the state median; unemployment of 1.3%.
Cons: Median household income 30% lower than the Virginia median; an average commute of 33 minutes; a poverty rate of 13.2%.
The weather is best in May–June 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 $334,400, about the same as the U.S. median. Renters pay a median of $990 per month, which is 29.6% of household income. Homeowners with a mortgage pay — a month in housing costs.
Madison median household income
The median household income in Madison is $65,625 and the income per person is $34,428. 13.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Madison: homes for sale and rent
- Housing units
- 153
- Owner-occupied
- 45.8%
- Renter-occupied
- 54.2%
- Vacant
- 21.6%Includes seasonal homes
- Median year built
- 1946
- Average household size
- 2.28
Madison demographics
- Population
- 273
- Median age
- 39.8
- Under 18
- 24.2%
- 65 and older
- 17.9%
- Households
- 120
- Foreign-born
- 2.6%
- Veterans
- 14.5%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 (Virginia: 42.2%), and 9.4% have a graduate or professional degree.
Jobs and commute in Madison
- Unemployment rate
- 1.3%State: 4.3%
- Average commute
- 33 minState: 27 min
- Work from home
- 4%
- Drive alone
- 87.2%
- Public transit
- 0%
- Walk to work
- 3.4%
- Homes with broadband
- 89.2%
Madison vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Madison | 273 | $65,625 | $334,400 | $990 |
| Brightwood | 1,325 | $70,625 | $328,800 | $958 |
| Stanardsville | 740 | $65,500 | $267,300 | $1,049 |
| Orange | 5,066 | $76,370 | $273,300 | $1,103 |
| Ruckersville | 1,399 | $101,875 | $407,800 | — |
| Twin Lakes | 1,562 | $66,526 | $237,300 | — |
| Barboursville | 694 | $53,766 | — | — |
| Culpeper | 20,794 | $94,721 | $390,000 | $1,416 |
| Piney Mountain | 2,288 | $138,636 | $296,000 | $1,685 |
More for people moving to Madison
Madison ZIP code ›Weather and climate ›Living in Madison: FAQ
What is the median household income in Madison, VA?
The median household income in Madison is $65,625, 30% lower than the Virginia median of $93,170 (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 $334,400, compared with $383,700 in Virginia.
How much is rent in Madison?
The median gross rent in Madison is $990 per month, about 29.6% of household income.
Is Madison, VA a good place to live?
Pluses: home values 13% lower than the state median; unemployment of 1.3%. Minuses: median household income 30% lower than the Virginia median; an average commute of 33 minutes; a poverty rate of 13.2%.
What is the median age in Madison?
The median age in Madison is 39.8 years (Virginia: 39).
How long is the commute in Madison?
The average commute to work in Madison is 33 minutes; 4% of workers work from home.
What is the unemployment rate in Madison?
The unemployment rate in Madison is 1.3% (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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