Madison is a medium-sized borough located in the state of New Jersey. With a population of 17,654 people and four constituent neighborhoods, Madison is the 124th largest community in New Jersey.
Madison home prices are not only among the most expensive in New Jersey, but Madison real estate also consistently ranks among the most expensive in America.
Madison is a decidedly white-collar borough, with fully 93.12% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (16.37%), sales jobs (15.69%), and business and financial occupations (12.51%).
Also of interest is that Madison has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 10.40% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because there are quite a few people attending college in Madison, it is thought of as a college town. To the benefit of the many students in the area, Madison provides a number of services, amenities and opportunities geared towards their needs and activities.
Because of many things, Madison is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Madison really has some of the features that families look for when choosing a good community to raise children. Is Madison perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
Despite being a small borough, Madison has a lot of people using the train to get to and from work every day. Most of these people on the train are using it to get to good jobs in other cities.
If knowledge is power, Madison is a pretty powerful place. 67.15% of the adults in Madison have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Madison in 2018 was $73,157, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $292,628 for a family of four.
Madison is a very ethnically-diverse borough. The people who call Madison home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Madison residents report their race to be White, followed by Asian. Important ancestries of people in Madison include Italian, Irish, German, English, and Polish.
In addition, Madison has a lot of people living here who were born outside of the US (15.86%).
The most common language spoken in Madison is English. Other important languages spoken here include Spanish and Chinese.