Madison is a larger medium-sized city located in the state of Alabama. With a population of 60,854 people and 13 associated neighborhoods, Madison is the tenth largest community in Alabama. Much of the housing stock in Madison was built relatively recently. The construction of new real estate can often be taken as an indication that the local Madison economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Madison, where the median household income is $131,436.00. Madison real estate is some of the most expensive in Alabama, although Madison house values don't compare to the most expensive real estate in the U.S.Madison is a decidedly white-collar city, with fully 88.40% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (14.69%), computer science and math (12.38%), and architecture and engineering (10.80%). 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. A relatively large number of people in Madison telecommute to their jobs. Overall, about 18.84% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. 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 of many things, Madison is a great place for families with children to consider. First of all, many other families with children live here, making Madison a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Madison has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Madison’s overall crime rate is lower than average for the country. Madison is a decent-sized city, yet no one gets to work using public transit, because the city has no real transit system.If knowledge is power, Madison is a pretty powerful place. 65.90% 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 2022 was $54,644, which is wealthy relative to Alabama and the nation. This equates to an annual income of $218,576 for a family of four. Madison is an extremely ethnically-diverse city. 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 Black or African-American. Important ancestries of people in Madison include English, German, Irish, Scottish, and European. The most common language spoken in Madison is English. Other important languages spoken here include Spanish and Korean.
