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.
|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%)|
|Median Household Income||$158,886|
|Average Household Income||$230,300|
|% of Income for Mortgage4||25%|
|Per Capita Income||$77,753|
|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|
|Average Household Size||2.69|
|Average Family Size||3.00|
GROWTH RATE / YEAR
|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.
|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.