Madison, NY
Population 392 · New York
About Madison, NY
Madison is a small community in New York with a population of 392 residents. The median household income is $43,750 per year, which is below the national average. The median age in Madison is 28.3 years.
Housing in Madison has a median home value of $105,800 and median monthly rent of $1,275. Of the 174 total housing units, the majority are owner-occupied, with 93 owner-occupied and 57 renter-occupied units.
The unemployment rate in Madison is 1.7% and the poverty rate is 21.9%. 24.3% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
Cost of Living in Madison, NY
Compared to national averages, Madison has a median household income of $43,750 (42% below the national median of $75,149). Home values average $105,800, which is 57% below the national median. Monthly rent at $1,275 is 10% above the US average of $1,163. Within New York, Madison's income is 55% below the state average of $96,987, and home values are 73% below the state median of $387,181.
Why Live in Madison, NY?
Madison offers affordable housing with a median home value of $105,800, below the US average of $244,900, and a strong job market with an unemployment rate of just 1.7%, and short commute times averaging just 24 minutes.
Potential considerations include median household income ($43,750) 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 392 with a median age of 28.3 years. Compare Madison with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Madison
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sunset Bay | 392 | $0 | $215,400 | Compare |
| Canaseraga | 391 | $72,813 | $70,800 | Compare |
| Almond | 390 | $51,667 | $77,800 | Compare |
| Speculator | 389 | $63,839 | $192,200 | Compare |
| Rushford | 396 | $52,188 | $62,600 | Compare |
| Fort Johnson | 397 | $62,333 | $124,500 | Compare |
| Farnham | 398 | $75,938 | $124,000 | Compare |
| Cato | 400 | $65,982 | $154,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Madison, NY is 392 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, NY is $43,750 per year.
What is the median home value in Madison?
The median home value in Madison, NY is $105,800.
What is the average rent in Madison?
The median monthly rent in Madison, NY is $1,275.
What is the unemployment rate in Madison?
The unemployment rate in Madison, NY is 1.7%.