Madrid, AL
Population 253 · Alabama
About Madrid, AL
Madrid is a small community located in Alabama with a population of 253 residents according to the latest US Census Bureau American Community Survey data. The median household income is $38,750 per year, which is 48% below the national median of $75,149. The median age of 46.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Madrid features a median home value of $129,500, which is 47% below the national median of $244,900. This makes Madrid one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $825, 29% below the national average of $1,163/month. Of the 145 total housing units, 89% are owner-occupied (97 units) and 11% are renter-occupied (12 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Madrid shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Madrid have an average one-way commute time of 29 minutes.
Education & Demographics
11.4% of Madrid residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 0.0% of the population being foreign-born.
How Madrid Ranks in Alabama
Cost of Living in Madrid, AL
Compared to national averages, Madrid has a median household income of $38,750 (48% below the national median of $75,149). Home values average $129,500, which is 47% below the national median. Monthly rent at $825 is 29% below the US average of $1,163. Within Alabama, Madrid's income is 33% below the state average of $57,952, and home values are 19% below the state median of $159,358.
Why Live in Madrid, AL?
Madrid offers affordable housing with a median home value of $129,500, below the US average of $244,900, and rent that’s lower than the national average at $825/month, and a strong job market with an unemployment rate of just 1.1%.
Potential considerations include median household income ($38,750) that falls below the national average. However, Madrid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madrid has a population of 253 with a median age of 46.4 years. Compare Madrid with other cities to see how it stacks up, or explore all cities in Alabama.
Similar Cities Near Madrid
Cities in Alabama with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Coffee Springs | 252 | $37,917 | $72,800 | Compare |
| Carolina | 250 | $51,250 | $100,000 | Compare |
| Riverview | 249 | $37,404 | $120,500 | Compare |
| Fredonia | 246 | $50,294 | $225,000 | Compare |
| Weogufka | 246 | $52,222 | $107,900 | Compare |
| Colony | 261 | $43,750 | $60,800 | Compare |
| Langston | 261 | $51,042 | $300,000 | Compare |
| Axis | 243 | $86,111 | $183,800 | 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.
Compare Madrid With Other Cities
Frequently Asked Questions about Madrid
What is the population of Madrid, AL?
The population of Madrid, AL is 253 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Madrid?
The median household income in Madrid, AL is $38,750 per year, which is 48% below the national median of $75,149.
What is the median home value in Madrid?
The median home value in Madrid, AL is $129,500, which is 47% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Madrid?
The median monthly rent in Madrid, AL is $825, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid, AL is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Madrid, AL a good place to live?
Madrid offers a moderate cost of living, affordable housing, and a strong job market. With a population of 253 and a median age of 46.4, the city appeals to established professionals and retirees.
How educated is Madrid, AL?
11.4% of residents in Madrid aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Madrid?
Key cost-of-living indicators for Madrid, AL: median home value is $129,500 (47% below national), median rent is $825/month, and median household income is $38,750. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Madrid?
The poverty rate in Madrid, AL is 12.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Madrid, AL?
Madrid's population is 0.0% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 12.3% two or more races. 0.0% of residents are foreign-born.