Madison is a city in New Jersey state in USA with a population of 16647 residents.. The poverty rate of Madison is 4.4%, which is 69% lower than national average. The typical household in Madison earns $157188 a year, compared to the national median of $67,500. Nearly 16.7% 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 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Madison remained 6.5%, which is 38% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Madison, only 71% of adults have a bachelor's degree and 13% have some college but no degree.

Cost of living in Madison is 164, which is 64% higher than national average. Median home value in Madison is $741300 , which is 223% higher than national average. While median income in Madison remained $157188, which is 133% 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.