Madrid, AL
Population 253 · Alabama
About Madrid, AL
Madrid is a small community in Alabama with a population of 253 residents. The median household income is $38,750 per year, which is below the national average. The median age in Madrid is 46.4 years.
Housing in Madrid has a median home value of $129,500 and median monthly rent of $825. Of the 145 total housing units, the majority are owner-occupied, with 97 owner-occupied and 12 renter-occupied units.
The unemployment rate in Madrid is 1.1% and the poverty rate is 12.6%. 11.4% of residents hold a bachelor's degree or higher. The average commute time is 29 minutes.
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 Census data.
What is the median household income in Madrid?
The median household income in Madrid, AL is $38,750 per year.
What is the median home value in Madrid?
The median home value in Madrid, AL is $129,500.
What is the average rent in Madrid?
The median monthly rent in Madrid, AL is $825.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid, AL is 1.1%.