New Jersey Gazetteer
Also See: Madison, NJ ZIP Codes & ZIP Code Maps
The Borough of Madison had a population of 16,251 as of July 1, 2021.
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 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 | 16,251 (100%) |
| Population in Households | 14,642 (90.1%) |
| Population in Families | 12,114 (74.5%) |
| Population in Group Quarters1 | 1,609 ( 9.9%) |
| Population Density | 3,768 |
| Diversity Index2 | 46 |
INCOME | |
| Median Household Income | $142,471 |
| Average Household Income | $204,264 |
| % of Income for Mortgage4 | 22% |
| Per Capita Income | $71,375 |
| Wealth Index5 | 251 |
HOUSING | |
|---|---|
| Total HU (Housing Units) | 5,984 (100%) |
| Owner Occupied HU | 3,488 (58.3%) |
| Renter Occupied HU | 2,175 (36.3%) |
| Vacant Housing Units | 321 ( 5.4%) |
| Median Home Value | $732,874 |
| Average Home Value | $849,111 |
| Housing Affordability Index3 | 100 |
HOUSEHOLDS | |
| Total Households | 5,663 |
| Average Household Size | 2.59 |
| Family Households | 3,781 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2021 | 2021-2026 |
|---|---|---|
| Population | 0.23% | 0.19% |
| Households | 0.28% | 0.2% |
| Families | 0.25% | 0.19% |
| Median Household Income | 1.97% | |
| Per Capita Income | 1.94% | |
| Owner Occupied HU | 0.76% |
The table below compares Madison to the other 545 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2021 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 | # 173 | 68th |
| Median Household Income | # 71 | 87th |
| Housing Affordability Index | # 152 | 28th |
| Per Capita Income | # 69 | 88th |
| Diversity Index | # 257 | 53rd |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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