New Jersey · Census place 42510
Madison borough, NJ
Quick answer
Madison borough has 16,464 residents, ranking #71 of 700 places in New Jersey. Median household income is $168,469, the median home is worth $882,900 and median gross rent runs $2,248 a month.
- Population
- 16,464Madison borough residents
- Median household income
- $168,469Past 12 months, inflation adjusted
- Median home value
- $882,900Owner-occupied units
- Median gross rent
- $2,248Rent plus utilities, monthly
- Median age
- 39 yrsAll residents
- Homeownership rate
- 64.2%Owner-occupied households
What the numbers mean in Madison borough
Housing cost measured against local earnings.
A household earning the Madison borough median would spend about 16% 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 5.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.8% of residents and 64.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Dumont borough 18,072
- Avenel CDP 17,143
- New Milford borough 16,882
- North Arlington borough 16,368
- South River borough 16,007
- Springdale CDP 15,672
- Princeton Meadows CDP 15,382
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