Madison is a city in Alabama state in USA with a population of 50717 residents.. The poverty rate of Madison is 5.6%, which is 60% lower than national average. The typical household in Madison earns $94214 a year, compared to the national median of $67,500. Nearly 26% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Madison, only 98% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Madison remained 3%, which is 36% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Madison, only 62% of adults have a bachelor's degree and 24% have some college but no degree.

Cost of living in Madison is 106, which is 6% higher than national average. Median home value in Madison is $263800 , which is 15% higher than national average. While median income in Madison remained $94214, which is 40% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.