Madison, MS
Population 27,775 · Mississippi
About Madison, MS
Madison is a mid-sized city located in Mississippi with a population of 27,775 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,918 per year, which is 61% above the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Madison features a median home value of $334,700, which is 37% above the national median of $244,900. This positions Madison in a moderately priced market relative to the rest of the country. Median monthly rent is $1,798, 55% above the national average of $1,163/month. Of the 10,127 total housing units, 93% are owner-occupied (8,987 units) and 7% are renter-occupied (635 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Madison shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Madison have an average one-way commute time of 24.7 minutes.
Education & Demographics
65.7% of Madison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 6.7% of the population being foreign-born.
How Madison Ranks in Mississippi
Cost of Living in Madison, MS
Compared to national averages, Madison has a median household income of $120,918 (61% above the national median of $75,149). Home values average $334,700, which is 37% above the national median. Monthly rent at $1,798 is 55% above the US average of $1,163. Within Mississippi, Madison's income is 142% above the state average of $49,929, and home values are 166% above the state median of $125,705.
Why Live in Madison, MS?
Madison offers a strong local economy with a median household income of $120,918, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 65.7% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.4%, better than the national average, and short commute times averaging just 24.7 minutes.
Madison has a population of 27,775 with a median age of 40.8 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Madison
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pearl | 27,458 | $54,643 | $170,900 | Compare |
| Clinton | 27,418 | $70,913 | $220,400 | Compare |
| Greenville | 28,833 | $36,297 | $100,800 | Compare |
| Horn Lake | 26,622 | $56,847 | $158,900 | Compare |
| Oxford | 26,086 | $59,901 | $333,400 | Compare |
| Starkville | 25,611 | $39,751 | $265,900 | Compare |
| Brandon | 25,352 | $93,073 | $255,900 | Compare |
| Ridgeland | 24,548 | $63,470 | $259,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
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, MS?
The population of Madison, MS is 27,775 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Mississippi.
What is the median household income in Madison?
The median household income in Madison, MS is $120,918 per year, which is 61% above the national median of $75,149.
What is the median home value in Madison?
The median home value in Madison, MS is $334,700, which is 37% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Madison?
The median monthly rent in Madison, MS is $1,798, which is 55% above the national average of $1,163/month.
What is the unemployment rate in Madison?
The unemployment rate in Madison, MS is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Madison, MS a good place to live?
Madison offers above-average incomes, a competitive housing market, and a strong job market. With a population of 27,775 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Madison, MS?
65.7% of residents in Madison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Madison?
Key cost-of-living indicators for Madison, MS: median home value is $334,700 (37% above national), median rent is $1,798/month, and median household income is $120,918. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Madison?
The poverty rate in Madison, MS is 4.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Madison, MS?
Madison's population is 0.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 12.3% two or more races. 6.7% of residents are foreign-born.