Madrid, Iowa Demographics & Population 2026
During the 2020–2024 ACS period, Madrid, Iowa had a total population of 2,808, the 128th largest city in Iowa, with a median household income of $89,844, which is 20% higher than the state average. The poverty rate is 6.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.1x.
- Near full employment with an unemployment rate of just 1.7%.
Madrid Quick Facts
How Madrid 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 | 2,803 | 2,808 | +0.2% |
| Median household income | $86,915 | $89,844 | +3.4% |
| Median home value | $185,100 | $185,600 | +0.3% |
How Madrid 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 less diverse community where one racial or ethnic group represents a large majority.
State average: 31 | National average: 61
Education
Educational Attainment (Adults 25+)
Madrid Rankings in Iowa
Explore Iowa Rankings
Other Cities in Boone County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Boone | 12,424 | $69,222 | 8.3% | $173,000 |
| Ogden | 1,859 | $70,268 | 9.3% | $166,000 |
| Boxholm | 168 | $49,375 | 22.0% | $86,500 |
| Luther | 159 | $100,938 | 0.0% | $191,700 |
| Fraser | 148 | $69,063 | 4.7% | $147,500 |
| Pilot Mound | 132 | $58,750 | 4.5% | $75,000 |
| Beaver | 51 | $73,750 | 5.9% | $56,300 |
| Berkley | 5 | N/A | 0.0% | N/A |
Cities Similar to Madrid
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Grundy Center | 2,809 | $80,357 | $177,900 | 24.5% | 11.1% |
| West Branch | 2,594 | $92,209 | $216,100 | 31.9% | 6.4% |
| Jesup | 2,561 | $89,408 | $190,200 | 25.1% | 7.0% |
| Kalona | 2,692 | $80,129 | $257,900 | 31.4% | 4.6% |
| Wilton | 2,920 | $76,648 | $189,200 | 36.1% | 8.9% |
Population Overview
Madrid is a small community located in Iowa, within Boone County. The total population is 2,808. It ranks as the 128th most populous out of 1,017 Census-designated places in Iowa.
Age Demographics
The median age in Madrid is 40.3 years. This is 4% higher than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Madrid is $89,844. This is 20% higher than the state median of $75,059. It is also 11% higher than the national median of $80,734. The poverty rate stands at 6.3%. This is 43% lower than the state poverty rate of 11.1%. The unemployment rate is 1.7%. This is 52% lower than the state rate of 3.6%. The median home value is $185,600. Housing costs are 11% lower than the state median of $208,000. With a home-value-to-income ratio of just 2.1x, Madrid is one of the most affordable housing markets in the area. 84.0% of occupied housing units are owner-occupied. This homeownership rate is 17% higher than the state average of 71.7%.
Race & Ethnicity
Madrid has a predominantly White (non-Hispanic) population, comprising 94.2% of all residents. Hispanic or Latino residents account for 3.0%. The Hispanic or Latino population (3.0%) is well below the state average of 7.3%.
Education
22.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 27% lower than the state rate of 31.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.9%.
Data Sources & Methodology
All demographic data for Madrid, Iowa 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 Iowa state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,017 Census-designated places in Iowa. 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 Madrid, Iowa?
Madrid, Iowa has a population of 2,808 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madrid, IA?
The median household income in Madrid is $89,844, which is 11% higher than the national median of $80,734.
What is the poverty rate in Madrid, IA?
The poverty rate in Madrid is 6.3%. This means approximately 170 residents live below the federal poverty line.
What is the racial makeup of Madrid, Iowa?
Madrid's population is 94.2% White, 0.0% Black, 3.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Madrid, IA?
The median home value in Madrid is $185,600. The home-value-to-income ratio is 2.1x.
How educated is Madrid, Iowa?
22.8% of adults (25+) in Madrid hold a bachelor's degree or higher, and 4.7% hold a graduate or professional degree.