Pros and Cons of Living In Madison, New Jersey. Is Madison, NJ a Nice Place To Live or Retire?

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Madison, New Jersey

Moving to Madison In New Jersey ? Is Madison, NJ a Nice Place To Live? Pros and Cons of Living in Madison, New Jersey. Find out the best and worst about to live, raise a family or retire in Madison.

DEMOGRAPHICS

Population
16647
Unemployment
6.5%
38% NAT AVG.
Poverty
4.4%
69% NAT AVG.
Cost Of Living
164
64% NAT AVG.

ECONOMICS

Median Home Cost
$741300
223% NAT AVG.
Median Income
$157188
133% NAT AVG.
Median Rent
$1908
64% NAT AVG.
Overall Score
7

CRIME REPORT

Total Crime
152
64% NAT. AVG.
37% STATE AVG.
Violent Crime
0
100% NAT. AVG.
100% STATE AVG.
Property Crime
152
57% NAT. AVG.
26% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 23
Unemployed People
1 in 15
People Earning < $10,000
1 in 21
People Earning < $50,000
16.7%
People With Any Degree
1 in 1.3

ETHNICITY

Ethnicity Madison USA
White 73.1% 60.1%
African American 2.4% 12.2%
American Indian 0% 0.6%
Asian 7.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.4% 2.8%
Hispanic 13.2% 18.2%
Other 0.6% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Madison USA
Less than $10,000 4.8% 5.8%
$10,000 to $14,999 1% 4.1%
$15,000 to $24,999 2.4% 8.5%
$25,000 to $34,999 2.4% 8.6%
$35,000 to $49,999 6.1% 12.0%
$50,000 to $74,999 7.6% 17.2%
$75,000 to $99,999 8.9% 12.8%
$100,000 to $149,999 14.8% 15.6%
$150,000 to $199,999 16.1% 7.1%

EDUCATION

Education Madison USA
< 9th Grade 3% 5.0%
9-12th Grade 1% 7.0%
High School or GED 12% 27.0%
Other College 9% 20.0%
Associate's Degree 4% 9%
Bachelor's Degree 37% 20.0%
Master's Degree 23% 9.0%
Professional Degree 5% 2.0%
Doctorate Degree 6% 1.0%
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. 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.

Cost of living in Madison is 164, which is 64% higher than national average. In Madison, only 71% of adults have a bachelor's degree and 13% have some college but no degree. 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.
Madison Scorecard

Jobs80%

Housing100%

Affordability70%

Safety90%

Amenities90%

Diversity80%

Education90%

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