Madison, Ohio Demographics & Population 2026
During the 2020–2024 ACS period, Madison, Ohio had a total population of 3,417, the 371st largest village in Ohio, with a median household income of $94,928, which is 33% higher than the state average. The poverty rate is 4.1%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 33% above the state average — one of the wealthiest communities in Ohio.
- An exceptionally low poverty rate of 4.1% — among the lowest in Ohio.
- Housing is very affordable with a home-value-to-income ratio of just 2.2x.
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 | 3,427 | 3,417 | -0.3% |
| Median household income | $95,313 | $94,928 | -0.4% |
| Median home value | $190,900 | $207,100 | +8.5% |
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 Ohio
Explore Ohio Rankings
Other Cities in Lake County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Mentor | 47,171 | $88,949 | 5.2% | $247,700 |
| Willoughby | 24,046 | $71,309 | 9.5% | $216,900 |
| Painesville | 20,548 | $51,516 | 25.6% | $158,800 |
| Eastlake | 17,493 | $62,072 | 8.4% | $172,100 |
| Willowick | 14,162 | $77,228 | 5.7% | $166,000 |
| Wickliffe | 12,659 | $81,750 | 6.6% | $166,900 |
| Willoughby Hills | 9,975 | $67,214 | 5.6% | $328,600 |
| North Madison | 8,594 | $67,711 | 10.0% | $157,300 |
| Mentor-on-the-Lake | 7,111 | $67,188 | 8.5% | $188,500 |
| Kirtland | 6,911 | $110,455 | 4.7% | $391,300 |
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 |
|---|---|---|---|---|---|
| Lake Lakengren | 3,445 | $87,135 | $211,400 | 29.5% | 6.5% |
| Salem Heights (Hamilton County) | 3,602 | $93,700 | $245,200 | 48.9% | 7.3% |
| Minster | 3,182 | $88,000 | $284,700 | 38.7% | 1.9% |
| Cleves | 3,388 | $77,188 | $197,300 | 25.0% | 13.7% |
| Dillonvale | 3,514 | $79,318 | $223,000 | 41.3% | 6.0% |
Population Overview
Madison is a small community located in Ohio, within Lake County. The total population is 3,417. It ranks as the 371st most populous out of 1,264 Census-designated places in Ohio.
Age Demographics
The median age in Madison is 44.4 years. This is 12% higher than the state median of 39.7 years.
Economy, Income & Housing
The median household income in Madison is $94,928. This is 33% higher than the state median of $71,389. It is also 18% higher than the national median of $80,734. The poverty rate stands at 4.1%. This is 69% lower than the state poverty rate of 13.3%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.5%. This is 46% lower than the state rate of 4.8%. The median home value is $207,100. Housing costs are 4% lower than the state median of $214,800. With a home-value-to-income ratio of just 2.2x, Madison is one of the most affordable housing markets in the area. 91.3% of occupied housing units are owner-occupied. This homeownership rate is 36% higher than the state average of 67.2%.
Race & Ethnicity
Madison has a predominantly White (non-Hispanic) population, comprising 95.3% of all residents. Hispanic or Latino residents account for 1.0%. The Black or African American population (0.4%) is well below the state average of 12.0%. The Hispanic or Latino population (1.0%) is well below the state average of 4.8%.
Education
20.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 34% lower than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.6%.
Data Sources & Methodology
All demographic data for Madison, Ohio 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 Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. 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, Ohio?
Madison, Ohio has a population of 3,417 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison, OH?
The median household income in Madison is $94,928, which is 18% higher than the national median of $80,734.
What is the poverty rate in Madison, OH?
The poverty rate in Madison is 4.1%. This means approximately 140 residents live below the federal poverty line.
What is the racial makeup of Madison, Ohio?
Madison's population is 95.3% White, 0.4% Black, 1.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Madison, OH?
The median home value in Madison is $207,100. The home-value-to-income ratio is 2.2x.
How educated is Madison, Ohio?
20.7% of adults (25+) in Madison hold a bachelor's degree or higher, and 9.3% hold a graduate or professional degree.