Madison, AL
Population 58,335 · Alabama
About Madison, AL
Madison is a mid-sized city in Alabama with a population of 58,335 residents. The median household income is $131,436 per year, which is above the national average. The median age in Madison is 37.9 years.
Housing in Madison has a median home value of $367,900 and median monthly rent of $1,375. Of the 22,688 total housing units, the majority are owner-occupied, with 16,411 owner-occupied and 5,557 renter-occupied units.
The unemployment rate in Madison is 2.5% and the poverty rate is 4.0%. 65.9% of residents hold a bachelor's degree or higher. The average commute time is 20.7 minutes.
How Madison Ranks in Alabama
Cost of Living in Madison, AL
Compared to national averages, Madison has a median household income of $131,436 (75% above the national median of $75,149). Home values average $367,900, which is 50% above the national median. Monthly rent at $1,375 is 18% above the US average of $1,163. Within Alabama, Madison's income is 127% above the state average of $57,952, and home values are 131% above the state median of $159,358.
Why Live in Madison, AL?
Madison offers a strong local economy with a median household income of $131,436, well above the national average, and a strong job market with an unemployment rate of just 2.5%, and a well-educated community where 65.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.0%, better than the national average, and short commute times averaging just 20.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $367,900. However, as a mid-sized city, Madison provides access to a wide range of amenities and services.
Madison has a population of 58,335 with a median age of 37.9 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Madison
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Decatur | 57,760 | $59,831 | $190,500 | Compare |
| Dothan | 71,118 | $55,052 | $186,600 | Compare |
| Florence | 41,231 | $50,396 | $174,100 | Compare |
| Prattville | 38,850 | $79,396 | $208,500 | Compare |
| Vestavia Hills | 38,704 | $129,171 | $494,500 | Compare |
| Phenix City | 38,477 | $49,715 | $160,000 | Compare |
| Auburn | 78,738 | $56,123 | $342,400 | Compare |
| Alabaster | 33,633 | $90,163 | $242,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Madison
What is the population of Madison, AL?
The population of Madison, AL is 58,335 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, AL is $131,436 per year.
What is the median home value in Madison?
The median home value in Madison, AL is $367,900.
What is the average rent in Madison?
The median monthly rent in Madison, AL is $1,375.
What is the unemployment rate in Madison?
The unemployment rate in Madison, AL is 2.5%.