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The Borough of Madison had a population of 16,969 as of July 1, 2022.
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 | 16,969 (100%) |
Population in Households | 15,381 (90.6%) |
Population in Families | 12,714 (74.9%) |
Population in Group Quarters1 | 1,588 ( 9.4%) |
Population Density | 3,934 |
Diversity Index2 | 54 |
INCOME | |
Median Household Income | $158,886 |
Average Household Income | $230,300 |
% of Income for Mortgage4 | 25% |
Per Capita Income | $77,753 |
Wealth Index5 | 262 |
HOUSING | |
---|---|
Total HU (Housing Units) | 6,041 (100%) |
Owner Occupied HU | 3,811 (63.1%) |
Renter Occupied HU | 1,905 (31.5%) |
Vacant Housing Units | 325 ( 5.4%) |
Median Home Value | $754,116 |
Average Home Value | $837,503 |
Housing Affordability Index3 | 89 |
HOUSEHOLDS | |
Total Households | 5,716 |
Average Household Size | 2.69 |
Family Households | 3,748 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | 0.08% | 0.08% |
Households | 0.09% | 0.09% |
Families | 0.09% | |
Median Household Income | 2.73% | |
Per Capita Income | 2.71% | |
Owner Occupied HU | 0.45% |
The table below compares Madison to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 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 | # 70 | 90th |
Population Density | # 183 | 74th |
Median Household Income | # 100 | 86th |
Housing Affordability Index | # 185 | 26th |
Per Capita Income | # 97 | 86th |
Diversity Index | # 318 | 55th |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
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