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Economy, jobs and prices in Madison, Wisconsin: official figures

The median household income in Madison was $78,050 a year in the 2020-2024 American Community Survey (in 2024 dollars), 382nd lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the Wisconsin median $77,485.

Median household income
$78,050
2020-2024
Unemployment rate (ACS)
2.7%
2020-2024
Mean travel time to work
19.4 min
2020-2024
Median gross rent (monthly)
$1,413
2020-2024
Median home value (owner-occupied)
$372,900
2020-2024
Homes occupied by their owners
46.0%
2020-2024
Households with a broadband subscription
91.3%
2020-2024

What is the per capita income in Madison?

Income per resident (per capita income) in Madison averaged $49,425 a year in 2020-2024, 236th highest of 823 US cities of 50,000 or more (US: $44,673; Wisconsin: $43,373).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in Madison?

Madison's Gini index of household income inequality was 0.469 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 249th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in Madison, Wisconsin?

2.7% of the civilian labor force in Madison was unemployed on average over 2020-2024 (4,421 people), 24th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Wisconsin's 3.2%.

Source: U.S. Census Bureau · saved copy

What share of people in Madison are working?

70.3% of Madison's 237,605 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 138th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in Madison have jobs?

162,356 residents of Madison held civilian jobs, 68.3% of those aged 16 and over (US: 59.7%), and 154 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in Madison?

The largest industry group for working residents of Madison was education, health care and social assistance (31.6% of employed residents), followed by professional, scientific, management and administrative services (17.7%) and retail trade (9.1%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in Madison work in manufacturing?

Manufacturing employed 7.9% of working residents of Madison, 336th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 17.7% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in Madison, Wisconsin?

Commuters in Madison took 19.4 minutes on average to get to work in 2020-2024, 129th shortest of 823 US cities of 50,000 or more (US: 26.4 minutes); 2.2% travelled an hour or more and 32.6% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in Madison get to work?

20.5% of workers living in Madison worked from home in 2020-2024, 191st highest of 823 US cities of 50,000 or more (US: 15.1%). 56.7% drove to work alone, 5.8% carpooled, 5.3% used public transport and 7.6% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in Madison, Wisconsin?

The median gross rent (rent plus utilities) in Madison was $1,413 a month in 2020-2024, 323rd lowest of 823 US cities of 50,000 or more (US: $1,413; Wisconsin: $1,087).

Source: U.S. Census Bureau · saved copy

How much does a house cost in Madison?

Owner-occupied homes in Madison had a median value of $372,900 in 2020-2024 as estimated by their owners, 387th lowest of 823 US cities of 50,000 or more (US: $332,700; Wisconsin: $266,500).

Source: U.S. Census Bureau · saved copy

How affordable are homes in Madison?

The median home value in Madison was 4.8 times the median household income, 391st highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in Madison, Wisconsin own their home?

46.0% of the 128,261 occupied homes in Madison were lived in by their owners in 2020-2024 and 69,252 were rented, 134th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Wisconsin: 67.8%).

Source: U.S. Census Bureau · saved copy

What share of homes in Madison have broadband?

91.3% of households in Madison had a broadband internet subscription of some type in 2020-2024, 296th lowest of 823 US cities of 50,000 or more (US: 91.0%; Wisconsin: 90.3%).

Source: U.S. Census Bureau · saved copy

How many households in Madison have no internet?

2.8% of households in Madison (3,620) had no internet access at home in 2020-2024, 178th lowest of 823 US cities of 50,000 or more (US: 6.5%); 6.6% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How Madison compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

Madison ranks 442 of 823, highest first.

RankCityMedian household income (2024 dollars)
439Bismarck$78,387
440Albany$78,114
441Cape Coral$78,104
442Madison$78,050
443Mableton$77,980
444Chicago$77,902
445Gresham$77,795
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

Madison ranks 236 of 823, highest first.

RankCityPer capita income (2024 dollars)
233St. Charles$49,608
234Urban Honolulu$49,569
235La Mesa$49,543
236Madison$49,425
237Wilmington$49,405
238Longmont$49,333
239O'Fallon$49,304
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

Madison ranks 249 of 823, highest first.

RankCityGini index of household income inequality
246Lynn0.469
247Oklahoma City0.469
248Danbury0.469
249Madison0.469
250Albany0.469
251Westminster0.469
252Novato0.469
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

Madison ranks 800 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
797O'Fallon2.7%
798Olathe2.7%
799Meridian2.7%
800Madison2.7%
801Logan2.6%
802Sandy2.6%
803Columbia2.6%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

Madison ranks 138 of 823, highest first.

RankCityLabor force participation rate (16 and over)
135Coral Springs70.3%
136Richardson70.3%
137Midland70.3%
138Madison70.3%
139Oak Park70.2%
140Mooresville70.2%
141Odessa70.2%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

Madison ranks 695 of 823, highest first.

RankCityMean travel time to work (minutes)
692Springfield19.4
693Pueblo19.4
694Columbus19.4
695Madison19.4
696Portland19.4
697Davenport19.4
698Lenexa19.4
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

Madison ranks 191 of 823, highest first.

RankCityWorkers who worked from home
188Clearwater20.7%
189Palatine20.6%
190Blaine20.6%
191Madison20.5%
192Murray20.5%
193San Marcos20.5%
194Petaluma20.5%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

Madison ranks 92 of 823, highest first.

RankCityWorkers commuting by public transportation
89Naperville5.4%
90Cincinnati5.3%
91Pittsburg5.3%
92Madison5.3%
93Plainfield5.2%
94Harrisburg5.2%
95Lauderhill5.1%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

Madison ranks 488 of 823, highest first.

RankCityEmployed residents working in manufacturing
485Fontana8.0%
486Temecula7.9%
487St. George7.9%
488Madison7.9%
489Salem7.9%
490Knoxville7.9%
491Birmingham7.9%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

Madison ranks 46 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
43Brownsville31.7%
44Harlingen31.7%
45Boston31.6%
46Madison31.6%
47Baltimore31.6%
48Eugene31.5%
49East Orange31.3%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

Madison ranks 501 of 823, highest first.

RankCityMedian gross rent per month
498Denton$1,420
499Nampa$1,420
500Salt Lake City$1,414
501Madison$1,413
502Providence$1,408
503Eugene$1,402
504Asheville$1,402
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

Madison ranks 437 of 823, highest first.

RankCityMedian value of owner-occupied homes
434Worcester$374,400
435Newark$373,700
436Cape Coral$373,500
437Madison$372,900
438Merced$372,600
439Gallatin$372,000
440Bakersfield$371,700
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

Madison ranks 388 of 820, highest first.

RankCityMedian home value as a multiple of median household income
385Gallatin4.8x
386Cape Coral4.8x
387Plainfield4.8x
388Madison4.8x
389Pawtucket4.8x
390Columbia4.8x
391Yakima4.7x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

Madison ranks 690 of 823, highest first.

RankCityOccupied homes lived in by their owners
687Yonkers46.2%
688La Crosse46.1%
689Chicago46.0%
690Madison46.0%
691Montebello45.9%
692Merced45.9%
693Salt Lake City45.8%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

Madison ranks 528 of 823, highest first.

RankCityHouseholds with a broadband subscription
525Lafayette91.4%
526Little Rock91.4%
527Cathedral City91.3%
528Madison91.3%
529Hempstead91.3%
530Bellflower91.3%
531Galveston91.3%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

Madison ranks 646 of 823, highest first.

RankCityHouseholds with no internet access
643Plantation2.8%
644Berkeley2.8%
645Shawnee2.8%
646Madison2.8%
647Rockville2.8%
648Blaine2.8%
649Framingham2.8%
Source: U.S. Census Bureau · saved copy

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Sources

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