Also See: Madison, NJ ZIP Codes & ZIP Code Maps
The Borough of Madison had a population of 16,475 as of July 1, 2020.
The primary coordinate point for Madison is located at latitude 40.7598 and longitude -74.4171 in Morris County. The formal boundaries for the Borough of Madison encompass a land area of 4.3 sq. miles and a water area of 0.01 sq. miles. Morris County is in the Eastern time zone (GMT -5). The elevation is 249 feet.
The Borough of Madison (GNIS ID: 885287) has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Madison: Battle Hill, Bottle Hill, South Hanover.
POPULATION | |
|---|---|
| Total Population | 16,475 (100%) |
| Population in Households | 14,823 (90.0%) |
| Population in Families | 12,286 (74.6%) |
| Population in Group Quarters1 | 1,652 (10.0%) |
| Population Density | 3,820 |
| Diversity Index2 | 45 |
INCOME | |
| Median Household Income | $137,819 |
| Average Household Income | $199,348 |
| % of Income for Mortgage4 | 22% |
| Per Capita Income | $69,203 |
| Wealth Index5 | 259 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 5,983 (100%) |
| Owner Occupied HU | 3,483 (58.2%) |
| Renter Occupied HU | 2,221 (37.1%) |
| Vacant Housing Units | 279 ( 4.7%) |
| Median Home Value | $731,620 |
| Average Home Value | $844,193 |
| Housing Affordability Index3 | 98 |
HOUSEHOLDS | |
| Total Households | 5,704 |
| Average Household Size | 2.6 |
| Family Households | 3,818 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2020 | 2020-2025 |
|---|---|---|
| Population | 0.38% | 0.28% |
| Households | 0.38% | 0.26% |
| Families | 0.37% | 0.26% |
| Median Household Income | 1.08% | |
| Per Capita Income | 1.38% | |
| Owner Occupied HU | 0.48% |
The table below compares Madison to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
| Variable Description | Rank | Percentile |
|---|---|---|
| Total Population | # 67 | 88th |
| Population Density | # 172 | 69th |
| Median Household Income | # 72 | 87th |
| Housing Affordability Index | # 130 | 24th |
| Per Capita Income | # 74 | 87th |
| Diversity Index | # 258 | 53rd |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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