Madison Park, NJ
Population 8,798 · New Jersey
About Madison Park, NJ
Madison Park is a small community in New Jersey with a population of 8,798 residents. The median household income is $76,396 per year, which is above the national average. The median age in Madison Park is 32.3 years.
Housing in Madison Park has a median home value of $386,200 and median monthly rent of $1,558. Of the 2,988 total housing units, renting is more common than owning, with 908 owner-occupied and 1,941 renter-occupied units.
The unemployment rate in Madison Park is 7.6% and the poverty rate is 15.3%. 31.1% of residents hold a bachelor's degree or higher. The average commute time is 32 minutes.
Cost of Living in Madison Park, NJ
Compared to national averages, Madison Park has a median household income of $76,396 (2% above the national median of $75,149). Home values average $386,200, which is 58% above the national median. Monthly rent at $1,558 is 34% above the US average of $1,163. Within New Jersey, Madison Park's income is 34% below the state average of $115,667, and home values are 18% below the state median of $469,644.
Why Live in Madison Park, NJ?
Madison Park offers a strong local economy with a median household income of $76,396, well above the national average.
Potential considerations include a competitive housing market where the typical home costs $386,200. However, Madison Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison Park has a population of 8,798 with a median age of 32.3 years. Compare Madison Park with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Madison Park
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Boonton | 8,803 | $100,417 | $475,300 | Compare |
| Pitman | 8,834 | $96,199 | $258,400 | Compare |
| North Haledon | 8,757 | $131,810 | $517,200 | Compare |
| Whippany | 8,862 | $153,725 | $612,500 | Compare |
| Clayton | 8,867 | $89,375 | $244,800 | Compare |
| White Meadow Lake | 8,706 | $150,042 | $441,000 | Compare |
| Audubon | 8,699 | $116,900 | $288,500 | Compare |
| Caldwell | 8,898 | $101,196 | $563,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Madison Park
What is the population of Madison Park, NJ?
The population of Madison Park, NJ is 8,798 according to the latest Census data.
What is the median household income in Madison Park?
The median household income in Madison Park, NJ is $76,396 per year.
What is the median home value in Madison Park?
The median home value in Madison Park, NJ is $386,200.
What is the average rent in Madison Park?
The median monthly rent in Madison Park, NJ is $1,558.
What is the unemployment rate in Madison Park?
The unemployment rate in Madison Park, NJ is 7.6%.