Madison, ME
Population 2,552 · Maine
About Madison, ME
Madison is a small community in Maine with a population of 2,552 residents. The median household income is $43,095 per year, which is below the national average. The median age in Madison is 49.9 years.
Housing in Madison has a median home value of $70,800 and median monthly rent of $880. Of the 1,375 total housing units, renting is more common than owning, with 465 owner-occupied and 818 renter-occupied units.
The unemployment rate in Madison is 0.0% and the poverty rate is 18.6%. 11.6% of residents hold a bachelor's degree or higher. The average commute time is 30 minutes.
How Madison Ranks in Maine
Cost of Living in Madison, ME
Compared to national averages, Madison has a median household income of $43,095 (43% below the national median of $75,149). Home values average $70,800, which is 71% below the national median. Monthly rent at $880 is 24% below the US average of $1,163. Within Maine, Madison's income is 33% below the state average of $64,613, and home values are 72% below the state median of $251,113.
Why Live in Madison, ME?
Madison offers affordable housing with a median home value of $70,800, below the US average of $244,900, and rent that’s lower than the national average at $880/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($43,095) 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 2,552 with a median age of 49.9 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Maine.
Similar Cities Near Madison
Cities in Maine with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hallowell | 2,570 | $58,811 | $266,700 | Compare |
| South Paris | 2,570 | $56,823 | $186,300 | Compare |
| Lincoln | 2,576 | $33,750 | $120,200 | Compare |
| Cape Neddick | 2,578 | $98,113 | $636,100 | Compare |
| Fort Kent | 2,453 | $58,750 | $137,000 | Compare |
| Winthrop | 2,666 | $54,612 | $240,700 | Compare |
| Fairfield | 2,432 | $50,718 | $140,200 | Compare |
| Oakland | 2,714 | $44,846 | $142,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maine
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, ME?
The population of Madison, ME is 2,552 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, ME is $43,095 per year.
What is the median home value in Madison?
The median home value in Madison, ME is $70,800.
What is the average rent in Madison?
The median monthly rent in Madison, ME is $880.
What is the unemployment rate in Madison?
The unemployment rate in Madison, ME is 0.0%.