New Jersey · Census place 42540
Madison Park CDP, NJ
Quick answer
Madison Park CDP has 8,798 residents, ranking #186 of 700 places in New Jersey. Median household income is $76,396, the median home is worth $386,200 and median gross rent runs $1,558 a month.
- Population
- 8,798Madison Park CDP residents
- Median household income
- $76,396Past 12 months, inflation adjusted
- Median home value
- $386,200Owner-occupied units
- Median gross rent
- $1,558Rent plus utilities, monthly
- Median age
- 32.3 yrsAll residents
- Homeownership rate
- 31.9%Owner-occupied households
What the numbers mean in Madison Park CDP
Housing cost measured against local earnings.
A household earning the Madison Park CDP median would spend about 24.5% 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 5.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.3% of residents and 31.9% 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.
- Whippany CDP 8,862
- Pitman borough 8,834
- Boonton town 8,803
- North Haledon borough 8,757
- White Meadow Lake CDP 8,706
- Audubon borough 8,699
- Montvale borough 8,625
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