Madison, WV
Population 2,840 · West Virginia
About Madison, WV
Madison is a small community in West Virginia with a population of 2,840 residents. The median household income is $57,073 per year, which is near the national average. The median age in Madison is 43.4 years.
Housing in Madison has a median home value of $127,200 and median monthly rent of $1,015. Of the 1,319 total housing units, the majority are owner-occupied, with 727 owner-occupied and 314 renter-occupied units.
The unemployment rate in Madison is 5.2% and the poverty rate is 13.9%. 21.5% of residents hold a bachelor's degree or higher. The average commute time is 17.6 minutes.
Cost of Living in Madison, WV
Compared to national averages, Madison has a median household income of $57,073 (24% below the national median of $75,149). Home values average $127,200, which is 48% below the national median. Monthly rent at $1,015 is 13% below the US average of $1,163. Within West Virginia, Madison's income is 6% above the state average of $54,014, and home values are 1% below the state median of $128,301.
Why Live in Madison, WV?
Madison offers affordable housing with a median home value of $127,200, below the US average of $244,900, and rent that’s lower than the national average at $1,015/month, and short commute times averaging just 17.6 minutes.
Potential considerations include median household income ($57,073) 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 2,840 with a median age of 43.4 years. Compare Madison with other cities to see how it stacks up, or explore all cities in West Virginia.
Similar Cities Near Madison
Cities in West Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fayetteville | 2,864 | $59,659 | $165,000 | Compare |
| Follansbee | 2,790 | $52,974 | $137,100 | Compare |
| Milton | 2,773 | $54,135 | $123,500 | Compare |
| Philippi | 2,919 | $43,203 | $110,900 | Compare |
| Moorefield | 2,952 | $47,308 | $121,400 | Compare |
| Sissonville | 2,706 | $58,322 | $166,300 | Compare |
| Kenova | 2,977 | $53,438 | $98,700 | Compare |
| Williamstown | 2,977 | $75,577 | $164,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in West Virginia
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, WV?
The population of Madison, WV is 2,840 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, WV is $57,073 per year.
What is the median home value in Madison?
The median home value in Madison, WV is $127,200.
What is the average rent in Madison?
The median monthly rent in Madison, WV is $1,015.
What is the unemployment rate in Madison?
The unemployment rate in Madison, WV is 5.2%.