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ZipNumbers

Minnesota · Census place 39266

Madison city, MN

Quick answer

Madison city has 1,507 residents, ranking #300 of 914 places in Minnesota. Median household income is $56,435, the median home is worth $104,600 and median gross rent runs $920 a month.

Population
1,507Madison city residents
Median household income
$56,435Past 12 months, inflation adjusted
Median home value
$104,600Owner-occupied units
Median gross rent
$920Rent plus utilities, monthly
Median age
54.2 yrsAll residents
Homeownership rate
70.7%Owner-occupied households

What the numbers mean in Madison city

Housing cost measured against local earnings.

A household earning the Madison city median would spend about 19.6% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.9% of residents and 70.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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