Madison, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Madison, Minnesota had a total population of 1,550, the 299th largest city in Minnesota, with a median household income of $61,172, which is 31% lower than the state average. The poverty rate is 9.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 31% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
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 | 1,507 | 1,550 | +2.9% |
| Median household income | $56,435 | $61,172 | +8.4% |
| Median home value | $104,600 | $97,000 | -7.3% |
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 less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Madison Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Lac qui Parle County
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 |
|---|---|---|---|---|---|
| St. John's University | 1,580 | N/A | N/A | 78.6% | 28.4% |
| Canby | 1,556 | $58,365 | $128,300 | 18.4% | 14.9% |
| Redby | 1,495 | $57,059 | $108,000 | 4.9% | 22.4% |
| Clara City | 1,466 | $63,636 | $114,300 | 16.5% | 7.3% |
| Dawson | 1,513 | $68,929 | $137,500 | 20.1% | 7.6% |
Population Overview
Madison is a small community located in Minnesota, within Lac qui Parle County. The total population is 1,550. It ranks as the 299th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Madison is 51.3 years. This is 32% higher than the state median of 38.8 years. 20.5% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.
Economy, Income & Housing
The median household income in Madison is $61,172. This is 31% lower than the state median of $89,062. It is also 24% lower than the national median of $80,734. The poverty rate stands at 9.9%. This is 6% higher than the state poverty rate of 9.3%. The unemployment rate is 2.6%. This is 36% lower than the state rate of 4.1%. The median home value is $97,000. Housing costs are 71% lower than the state median of $329,300. With a home-value-to-income ratio of just 1.6x, Madison is one of the most affordable housing markets in the area. 73.1% of occupied housing units are owner-occupied. This homeownership rate is 1% higher than the state average of 72.2%.
Race & Ethnicity
Madison has a predominantly White (non-Hispanic) population, comprising 93.2% of all residents. Asian residents account for 0.6%. The Black or African American population (0.1%) is well below the state average of 7.0%. The Hispanic or Latino population (0.3%) is well below the state average of 6.4%. The Asian population (0.6%) is well below the state average of 5.1%.
Education
20.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 47% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.4%.
Data Sources & Methodology
All demographic data for Madison, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. 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, Minnesota?
Madison, Minnesota has a population of 1,550 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison, MN?
The median household income in Madison is $61,172, which is 24% lower than the national median of $80,734.
What is the poverty rate in Madison, MN?
The poverty rate in Madison is 9.9%. This means approximately 147 residents live below the federal poverty line.
What is the racial makeup of Madison, Minnesota?
Madison's population is 93.2% White, 0.1% Black, 0.3% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Madison, MN?
The median home value in Madison is $97,000. The home-value-to-income ratio is 1.6x.
How educated is Madison, Minnesota?
20.8% of adults (25+) in Madison hold a bachelor's degree or higher, and 4.3% hold a graduate or professional degree.