Madrid, NY
Population 753 · New York
About Madrid, NY
Madrid is a small community in New York with a population of 753 residents. The median household income is $88,500 per year, which is above the national average. The median age in Madrid is 36.4 years.
Housing in Madrid has a median home value of $136,700 and median monthly rent of $850. Of the 270 total housing units, the majority are owner-occupied, with 180 owner-occupied and 68 renter-occupied units.
The unemployment rate in Madrid is 4.6% and the poverty rate is 13.5%. 26.2% of residents hold a bachelor's degree or higher. The average commute time is 20.6 minutes.
Cost of Living in Madrid, NY
Compared to national averages, Madrid has a median household income of $88,500 (18% above the national median of $75,149). Home values average $136,700, which is 44% below the national median. Monthly rent at $850 is 27% below the US average of $1,163. Within New York, Madrid's income is 9% below the state average of $96,987, and home values are 65% below the state median of $387,181.
Why Live in Madrid, NY?
Madrid offers a strong local economy with a median household income of $88,500, well above the national average, and affordable housing with a median home value of $136,700, below the US average of $244,900, and rent that’s lower than the national average at $850/month. Additionally, the city features short commute times averaging just 20.6 minutes.
Madrid has a population of 753 with a median age of 36.4 years. Compare Madrid with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Madrid
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Durhamville | 750 | $128,125 | $182,700 | Compare |
| Parishville | 750 | $77,847 | $95,400 | Compare |
| Earlville | 758 | $64,500 | $117,000 | Compare |
| Antwerp | 745 | $58,333 | $124,300 | Compare |
| Lacona | 761 | $72,917 | $126,600 | Compare |
| Strykersville | 744 | $86,250 | $186,700 | Compare |
| Lyndonville | 742 | $57,262 | $120,400 | Compare |
| East Avon | 741 | $91,071 | $221,200 | 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 Madrid
What is the population of Madrid, NY?
The population of Madrid, NY is 753 according to the latest Census data.
What is the median household income in Madrid?
The median household income in Madrid, NY is $88,500 per year.
What is the median home value in Madrid?
The median home value in Madrid, NY is $136,700.
What is the average rent in Madrid?
The median monthly rent in Madrid, NY is $850.
What is the unemployment rate in Madrid?
The unemployment rate in Madrid, NY is 4.6%.