Madrid, NE
Population 253 · Nebraska
About Madrid, NE
Madrid is a small community in Nebraska with a population of 253 residents. The median household income is $71,750 per year, which is above the national average. The median age in Madrid is 40.9 years.
Housing in Madrid has a median home value of $101,300 and median monthly rent of $850. Of the 98 total housing units, the majority are owner-occupied, with 79 owner-occupied and 6 renter-occupied units.
The unemployment rate in Madrid is 7.0% and the poverty rate is 10.7%. 12.9% of residents hold a bachelor's degree or higher. The average commute time is 17.7 minutes.
Cost of Living in Madrid, NE
Compared to national averages, Madrid has a median household income of $71,750 (5% below the national median of $75,149). Home values average $101,300, which is 59% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within Nebraska, Madrid's income is 9% above the state average of $65,895, and home values are 19% below the state median of $125,824.
Why Live in Madrid, NE?
Madrid offers affordable housing with a median home value of $101,300, below the US average of $244,900, and rent that’s lower than the national average at $850/month, and a low poverty rate of 10.7%, better than the national average. Additionally, the city features short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($71,750) that falls below the national average. However, Madrid’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madrid has a population of 253 with a median age of 40.9 years. Compare Madrid with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Madrid
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gurley | 253 | $59,313 | $75,400 | Compare |
| Rosalie | 252 | $80,000 | $47,900 | Compare |
| Woodland Hills | 256 | $134,022 | $419,400 | Compare |
| Yankee Hill | 250 | $81,107 | $250,800 | Compare |
| Gresham | 257 | $42,500 | $68,300 | Compare |
| Marquette | 257 | $62,083 | $107,700 | Compare |
| Hayes Center | 258 | $70,208 | $83,300 | Compare |
| Maywood | 248 | $56,500 | $92,100 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Madrid
What is the population of Madrid, NE?
The population of Madrid, NE is 253 according to the latest Census data.
What is the median household income in Madrid?
The median household income in Madrid, NE is $71,750 per year.
What is the median home value in Madrid?
The median home value in Madrid, NE is $101,300.
What is the average rent in Madrid?
The median monthly rent in Madrid, NE is $850.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid, NE is 7.0%.