Madison, MO
Population 387 · Missouri
About Madison, MO
Madison is a small community located in Missouri with a population of 387 residents according to the latest US Census Bureau American Community Survey data. The median household income is $44,375 per year, which is 41% below the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Madison features a median home value of $86,800, which is 65% below the national median of $244,900. This makes Madison one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $644, 45% below the national average of $1,163/month. Of the 238 total housing units, 70% are owner-occupied (119 units) and 30% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Madison shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.7%, above the national average of 12.4%. Workers in Madison have an average one-way commute time of 32.1 minutes.
Education & Demographics
14.8% of Madison residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.5% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Madison, MO
Compared to national averages, Madison has a median household income of $44,375 (41% below the national median of $75,149). Home values average $86,800, which is 65% below the national median. Monthly rent at $644 is 45% below the US average of $1,163. Within Missouri, Madison's income is 27% below the state average of $61,047, and home values are 42% below the state median of $150,786.
Why Live in Madison, MO?
Madison offers affordable housing with a median home value of $86,800, below the US average of $244,900, and rent that’s lower than the national average at $644/month, and a strong job market with an unemployment rate of just 1.1%.
Potential considerations include median household income ($44,375) 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 387 with a median age of 35.4 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Madison
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cross Timbers | 386 | $53,529 | $0 | Compare |
| Naylor | 388 | $31,750 | $80,300 | Compare |
| Huntleigh | 384 | $250,001 | $1,812,500 | Compare |
| Oakview | 384 | $71,875 | $176,100 | Compare |
| Bucklin | 383 | $43,125 | $73,700 | Compare |
| Burlington Junction | 383 | $46,250 | $79,600 | Compare |
| Freeburg | 391 | $46,719 | $130,400 | Compare |
| Mineral Point | 383 | $39,087 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Madison, MO is 387 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Madison?
The median household income in Madison, MO is $44,375 per year, which is 41% below the national median of $75,149.
What is the median home value in Madison?
The median home value in Madison, MO is $86,800, which is 65% below 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, MO is $644, which is 45% below the national average of $1,163/month.
What is the unemployment rate in Madison?
The unemployment rate in Madison, MO is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Madison, MO a good place to live?
Madison offers a moderate cost of living, affordable housing, and a strong job market. With a population of 387 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Madison, MO?
14.8% of residents in Madison aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Madison?
Key cost-of-living indicators for Madison, MO: median home value is $86,800 (65% below national), median rent is $644/month, and median household income is $44,375. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Madison?
The poverty rate in Madison, MO is 21.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Madison, MO?
Madison's population is 7.5% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.