Madison, FL
Population 2,960 · Florida
About Madison, FL
Madison is a small community in Florida with a population of 2,960 residents. The median household income is $31,025 per year, which is below the national average. The median age in Madison is 31.4 years.
Housing in Madison has a median home value of $84,400 and median monthly rent of $849. Of the 1,344 total housing units, renting is more common than owning, with 522 owner-occupied and 674 renter-occupied units.
The unemployment rate in Madison is 3.2% and the poverty rate is 33.3%. 14.0% of residents hold a bachelor's degree or higher. The average commute time is 32.5 minutes.
How Madison Ranks in Florida
Cost of Living in Madison, FL
Compared to national averages, Madison has a median household income of $31,025 (59% below the national median of $75,149). Home values average $84,400, which is 66% below the national median. Monthly rent at $849 is 27% below the US average of $1,163. Within Florida, Madison's income is 59% below the state average of $75,893, and home values are 76% below the state median of $353,675.
Why Live in Madison, FL?
Madison offers affordable housing with a median home value of $84,400, below the US average of $244,900, and rent that’s lower than the national average at $849/month, and a strong job market with an unemployment rate of just 3.2%.
Potential considerations include median household income ($31,025) that falls below the national average. However, Madison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison has a population of 2,960 with a median age of 31.4 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Madison
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Chattahoochee | 2,965 | $54,375 | $82,900 | Compare |
| Sharpes | 2,948 | $67,917 | $259,400 | Compare |
| Eglin AFB | 2,975 | $76,705 | $0 | Compare |
| Quail Ridge | 2,983 | $86,279 | $252,600 | Compare |
| Verona Walk | 2,931 | $54,039 | $540,600 | Compare |
| Hilliard | 2,993 | $59,949 | $216,100 | Compare |
| Cedar Grove | 2,911 | $44,202 | $147,400 | Compare |
| Malabar | 3,017 | $123,345 | $441,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Madison With Other Cities
Frequently Asked Questions about Madison
What is the population of Madison, FL?
The population of Madison, FL is 2,960 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, FL is $31,025 per year.
What is the median home value in Madison?
The median home value in Madison, FL is $84,400.
What is the average rent in Madison?
The median monthly rent in Madison, FL is $849.
What is the unemployment rate in Madison?
The unemployment rate in Madison, FL is 3.2%.