Madison, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Madison, Florida had a total population of 2,967, the 606th largest city in Florida, with a median household income of $30,673, which is 59% lower than the state average. The poverty rate is 34.8%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 59% below the state average, indicating significant economic challenges.
- More than 1 in 4 residents live below the poverty line (34.8%), well above the national average of 12.4%.
- Near full employment with an unemployment rate of just 1.2%.
Madison Quick Facts
How Madison Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 2,960 | 2,967 | +0.2% |
| Median household income | $31,025 | $30,673 | -1.1% |
| Median home value | $84,400 | $78,500 | -7.0% |
How Madison Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Madison Rankings in Florida
Explore Florida Rankings
Other Cities in Madison County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Greenville | 1,650 | $70,125 | 23.1% | $63,200 |
| Lee | 835 | $46,264 | 33.7% | $97,900 |
Cities Similar to Madison
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Dade City North | 2,803 | $32,277 | $185,900 | 2.5% | 41.4% |
| Silver Springs | 2,712 | $32,074 | $30,800 | 16.1% | 29.8% |
| Watertown | 3,068 | $41,466 | $114,100 | 8.3% | 42.4% |
| Bonifay | 2,797 | $40,896 | $142,100 | 13.2% | 22.1% |
| Goulding | 3,734 | $29,368 | $89,700 | 8.3% | 35.4% |
Population Overview
Madison is a small community located in Florida, within Madison County. The total population is 2,967. It ranks as the 606th most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Madison is 31.2 years. This is 27% lower than the state median of 42.6 years. With 30.1% of the population under 18, Madison has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Madison is $30,673. This is 59% lower than the state median of $74,568. It is also 62% lower than the national median of $80,734. The poverty rate stands at 34.8%. This is 177% higher than the state poverty rate of 12.6%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 1.2%. This is 75% lower than the state rate of 4.8%. The median home value is $78,500. Housing costs are 78% lower than the state median of $359,000. With a home-value-to-income ratio of just 2.6x, Madison is one of the most affordable housing markets in the area. 39.4% of occupied housing units are owner-occupied. This homeownership rate is 42% lower than the state average of 67.6%.
Race & Ethnicity
The largest racial or ethnic group in Madison is Black or African American, making up 48.6% of the population. White (non-Hispanic) residents account for 37.7%. The Black or African American population is significantly higher than the state average (48.6% vs 14.6%). The Hispanic or Latino population (5.8%) is well below the state average of 27.4%.
Education
13.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 60% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 74.9%.
Data Sources & Methodology
All demographic data for Madison, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Madison, Florida?
Madison, Florida has a population of 2,967 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison, FL?
The median household income in Madison is $30,673, which is 62% lower than the national median of $80,734.
What is the poverty rate in Madison, FL?
The poverty rate in Madison is 34.8%. This means approximately 1,000 residents live below the federal poverty line.
What is the racial makeup of Madison, Florida?
Madison's population is 37.7% White, 48.6% Black, 5.8% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Madison, FL?
The median home value in Madison is $78,500. The home-value-to-income ratio is 2.6x.
How educated is Madison, Florida?
13.6% of adults (25+) in Madison hold a bachelor's degree or higher, and 6.2% hold a graduate or professional degree.