Madison borough, New Jersey Demographics & Population 2026
As of 2026, Madison borough, New Jersey has a total population of 16,464, the 71st largest city in New Jersey, with a median household income of $168,469, which is 67% higher than the state average. The poverty rate is 2.8%.
Key Takeaways
- Household income is 67% above the state average — one of the wealthiest communities in New Jersey.
- An exceptionally low poverty rate of 2.8% — among the lowest in New Jersey.
Madison borough Quick Facts
How Madison borough Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 65 | National average: 60
Education
Educational Attainment (Adults 25+)
Madison borough Rankings in New Jersey
Explore New Jersey Rankings
Other Cities in Morris County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Morristown town | 20,256 | $115,409 | 9.2% | $552,800 |
| Dover town | 18,420 | $70,519 | 11.6% | $347,100 |
| Florham Park borough | 13,134 | $147,714 | 7.8% | $722,700 |
| Lincoln Park borough | 10,901 | $119,000 | 3.4% | $419,500 |
| Kinnelon borough | 9,971 | $178,102 | 2.0% | $682,600 |
| Chatham borough | 9,219 | $250,001 | 2.5% | $944,300 |
| Boonton town | 8,803 | $100,417 | 7.5% | $475,300 |
| Butler borough | 8,072 | $110,375 | 9.3% | $425,900 |
| Wharton borough | 7,254 | $92,548 | 18.8% | $348,100 |
| Rockaway borough | 6,589 | $100,028 | 6.3% | $427,800 |
Cities Similar to Madison borough
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Springdale CDP | 15,672 | $179,531 | $454,200 | 71.5% | 6.3% |
| Ramsey borough | 14,722 | $164,767 | $665,700 | 69.3% | 3.0% |
| Metuchen borough | 14,982 | $157,779 | $565,400 | 66.8% | 4.4% |
| Bradley Gardens CDP | 14,315 | $177,590 | $508,800 | 62.8% | 4.6% |
| Tenafly borough | 15,252 | $208,088 | $974,300 | 79.2% | 3.7% |
Population Overview
Madison borough is a small city located in New Jersey, within Morris County. The total population is 16,464. It ranks as the 71st most populous out of 700 cities and towns in New Jersey.
Age Demographics
The median age in Madison borough is 39.0 years. This is 3% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Madison borough is $168,469. This is 67% higher than the state median of $101,050. Compared to the national median of $78,538, household income here is 115% higher. The poverty rate stands at 2.8%. This is 71% lower than the state poverty rate of 9.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 6.8%. This is 10% higher than the state rate of 6.2%. The median home value is $882,900. Housing costs are 106% higher than the state median of $427,600. The home-value-to-income ratio is 5.2x. 64.1% of occupied housing units are owner-occupied.
Race & Ethnicity
The largest racial or ethnic group in Madison borough is White (non-Hispanic), making up 73.8% of the population. Hispanic or Latino residents account for 14.2%. The Black or African American population (1.1%) is well below the state average of 12.3%.
Education
70.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 65% higher than the state rate of 42.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.7%. Notably, 30.8% of adults hold a graduate or professional degree, indicating a highly educated workforce.
Data Sources & Methodology
All demographic data for Madison borough, New Jersey is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against New Jersey state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 700 Census-designated places in New Jersey. For official data, visit data.census.gov.
Free data download: Get all New Jersey city and county demographics as CSV. Download Cities CSV | Download Counties CSV
Frequently Asked Questions
What is the population of Madison borough, New Jersey?
Madison borough, New Jersey has a population of 16,464 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison borough, NJ?
The median household income in Madison borough is $168,469, which is 115% higher the national median of $78,538.
What is the poverty rate in Madison borough, NJ?
The poverty rate in Madison borough is 2.8%. This means approximately 420 residents live below the federal poverty line.
What is the racial makeup of Madison borough, New Jersey?
Madison borough's population is 73.8% White, 1.1% Black, 14.2% Hispanic/Latino, and 5.8% Asian.
What is the median home value in Madison borough, NJ?
The median home value in Madison borough is $882,900. The home-value-to-income ratio is 5.2x.
How educated is Madison borough, New Jersey?
70.7% of adults (25+) in Madison borough hold a bachelor's degree or higher, and 30.8% hold a graduate or professional degree.