Madison, MN
Population 1,507 · Minnesota
About Madison, MN
Madison is a small community in Minnesota with a population of 1,507 residents. The median household income is $56,435 per year, which is near the national average. The median age in Madison is 54.2 years.
Housing in Madison has a median home value of $104,600 and median monthly rent of $920. Of the 914 total housing units, the majority are owner-occupied, with 527 owner-occupied and 218 renter-occupied units.
The unemployment rate in Madison is 1.1% and the poverty rate is 11.9%. 18.9% of residents hold a bachelor's degree or higher. The average commute time is 15.5 minutes.
Cost of Living in Madison, MN
Compared to national averages, Madison has a median household income of $56,435 (25% below the national median of $75,149). Home values average $104,600, which is 57% below the national median. Monthly rent at $920 is 21% below the US average of $1,163. Within Minnesota, Madison's income is 24% below the state average of $74,221, and home values are 49% below the state median of $204,472.
Why Live in Madison, MN?
Madison offers affordable housing with a median home value of $104,600, below the US average of $244,900, and rent that’s lower than the national average at $920/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features a low poverty rate of 11.9%, better than the national average, and short commute times averaging just 15.5 minutes.
Potential considerations include median household income ($56,435) 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 1,507 with a median age of 54.2 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Madison
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Red Lake | 1,506 | $55,092 | $136,000 | Compare |
| Lakeland | 1,510 | $101,339 | $357,700 | Compare |
| Clara City | 1,497 | $58,431 | $116,500 | Compare |
| Avon | 1,493 | $90,987 | $240,400 | Compare |
| Minneota | 1,531 | $72,396 | $158,100 | Compare |
| Canby | 1,563 | $58,839 | $131,800 | Compare |
| Dawson | 1,441 | $70,286 | $118,800 | Compare |
| Pierz | 1,581 | $55,438 | $155,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Madison, MN is 1,507 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, MN is $56,435 per year.
What is the median home value in Madison?
The median home value in Madison, MN is $104,600.
What is the average rent in Madison?
The median monthly rent in Madison, MN is $920.
What is the unemployment rate in Madison?
The unemployment rate in Madison, MN is 1.1%.