The median household income in Madison, NJ in 2022 was $164,801, which was 41.5% greater than the median annual income of $96,346 across the entire state of New Jersey. Compared to the median income of $82,847 in 2000 this represents an increase of 49.7%. The per capita income in 2022 was $82,890, which means an increase of 53.7% compared to 2000 when it was $38,416.
Whole page based on the data from 2000 / 2022 when the population of Madison, New Jersey was 16,530 / 16,597
Income statistics for all residents
Median household income in Madison, NJ in 2022:
Madison:
$164,801
New Jersey:
$96,346
Change in median household income between 2000 and 2022:
Madison, New Jersey:
+98.9%
State:
+74.7%
Number of households with income < $10k:
Madison:
3.0% (169)
New Jersey:
4.4% (155,271)
Number of households with income $10k - 20k:
Madison:
1.0% (58)
State:
5.4% (189,888)
Number of households with income $20k - 30k:
Madison:
1.7% (94)
State:
5.2% (183,402)
Number of households with income $30k - 40k:
Madison:
2.1% (119)
State:
5.9% (206,969)
Number of households with income $40k - 50k:
Madison:
5.0% (281)
New Jersey:
5.2% (184,153)
Number of households with income $50k - 60k:
Madison:
4.9% (274)
State:
5.6% (197,270)
Number of households with income $60k - 75k:
Madison:
6.1% (345)
New Jersey:
8.1% (284,245)
Number of households with income $75k - 100k:
Madison:
5.9% (335)
State:
11.6% (408,272)
Number of households with income $100k - 125k:
Madison:
8.3% (467)
New Jersey:
10.1% (354,738)
Number of households with income $125k - 150k:
Madison:
7.5% (425)
New Jersey:
8.0% (281,341)
Number of households with income $150k - 200k:
Madison:
14.2% (802)
State:
11.5% (404,977)
Number of households with income > $200k:
Madison:
40.2% (2,262)
State:
18.9% (666,452)
Aggregate household income in Madison in 2022: $1,360,079,871
Median family income in Madison in 2022:
Madison:
$203,398
State:
$117,988
Number of families with income < $10k:
Madison:
0.4% (16)
State:
2.2% (53,316)
Number of families with income $10k - 20k:
Madison:
0.4% (18)
State:
3.2% (74,986)
Number of families with income $20k - 30k:
Madison:
0.9% (37)
New Jersey:
3.5% (82,889)
Number of families with income $30k - 40k:
Madison:
2.0% (79)
State:
4.6% (109,787)
Number of families with income $40k - 50k:
Madison:
1.7% (67)
New Jersey:
4.5% (107,202)
Number of families with income $50k - 60k:
Madison:
4.8% (191)
New Jersey:
4.8% (114,765)
Number of families with income $60k - 75k:
Madison:
4.2% (166)
State:
7.5% (179,372)
Number of families with income $75k - 100k:
Madison:
3.9% (157)
State:
11.5% (274,497)
Number of families with income $100k - 125k:
Madison:
7.1% (285)
New Jersey:
10.9% (260,033)
Number of families with income $125k - 150k:
Madison:
7.7% (309)
State:
9.0% (214,872)
Number of families with income $150k - 200k:
Madison:
15.2% (609)
New Jersey:
13.8% (328,605)
Number of families with income > $200k:
Madison:
51.6% (2,062)
State:
24.3% (578,135)
Median non-family income in Madison in 2022:
Madison:
$74,006
State:
$54,589
Change in median non-family income between 2000 and 2022:
Madison, New Jersey:
+69.2%
New Jersey:
+74.4%
Median per capita income in Madison in 2022:
Madison:
$82,890
State:
$51,272
Change in median per capita income between 2000 and 2022:
Madison, New Jersey:
+115.8%
New Jersey:
+89.9%
Income statistics for White residents
Median household income in Madison, NJ in 2022:
Madison:
$166,812
New Jersey:
$105,428
Change in median household income between 2000 and 2022:
Madison, New Jersey:
+98.1%
State:
+78.2%
Number of households with income < $10k:
Madison:
2.7% (121)
State:
3.5% (73,676)
Number of households with income $10k - 20k:
Madison:
1.2% (52)
State:
4.3% (90,086)
Number of households with income $20k - 30k:
Madison:
1.6% (73)
State:
4.7% (99,511)
Number of households with income $30k - 40k:
Madison:
2.1% (95)
State:
5.2% (109,051)
Number of households with income $40k - 50k:
Madison:
5.1% (229)
State:
4.9% (101,931)
Number of households with income $50k - 60k:
Madison:
4.1% (183)
State:
5.4% (112,379)
Number of households with income $60k - 75k:
Madison:
6.1% (273)
New Jersey:
7.7% (162,379)
Number of households with income $75k - 100k:
Madison:
6.6% (296)
New Jersey:
11.6% (242,478)
Number of households with income $100k - 125k:
Madison:
6.7% (299)
State:
10.4% (218,622)
Number of households with income $125k - 150k:
Madison:
8.2% (367)
State:
8.5% (177,925)
Number of households with income $150k - 200k:
Madison:
15.9% (711)
State:
12.5% (262,429)
Number of households with income > $200k:
Madison:
39.5% (1,762)
State:
21.3% (446,393)
Aggregate household income in Madison in 2022: $1,067,832,079
Median family income in Madison in 2022:
Madison:
$203,291
New Jersey:
$133,117
Number of families with income < $10k:
Madison:
0.2% (8)
State:
1.5% (21,094)
Number of families with income $10k - 20k:
Madison:
0.5% (15)
New Jersey:
1.9% (26,388)
Number of families with income $20k - 30k:
Madison:
0.7% (22)
New Jersey:
2.4% (33,161)
Number of families with income $30k - 40k:
Madison:
0.9% (27)
State:
3.2% (43,969)
Number of families with income $40k - 50k:
Madison:
1.2% (38)
New Jersey:
3.5% (48,685)
Number of families with income $50k - 60k:
Madison:
3.2% (97)
New Jersey:
4.1% (57,095)
Number of families with income $60k - 75k:
Madison:
4.1% (125)
New Jersey:
6.7% (92,267)
Number of families with income $75k - 100k:
Madison:
4.3% (131)
State:
11.5% (158,630)
Number of families with income $100k - 125k:
Madison:
6.2% (190)
State:
11.5% (158,059)
Number of families with income $125k - 150k:
Madison:
7.9% (241)
State:
9.8% (134,575)
Number of families with income $150k - 200k:
Madison:
18.3% (560)
New Jersey:
15.5% (212,728)
Number of families with income > $200k:
Madison:
52.6% (1,609)
State:
28.3% (389,541)
Median non-family income in Madison in 2022:
Madison:
$72,257
New Jersey:
$58,680
Change in median non-family income between 2000 and 2022:
Madison, New Jersey:
+61.3%
State:
+81.6%
Median per capita income in Madison in 2022:
Madison:
$89,750
State:
$61,044
Change in median per capita income between 2000 and 2022:
Madison, New Jersey:
+122.3%
State:
+101.8%
Income statistics for Black or African American residents
Number of households with income < $10k:
Madison:
0.0% (0)
State:
8.9% (38,971)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
New Jersey:
8.7% (38,456)
Number of households with income $20k - 30k:
Madison:
28.1% (16)
State:
7.3% (32,276)
Number of households with income $30k - 40k:
Madison:
0.0% (0)
State:
7.7% (33,867)
Number of households with income $40k - 50k:
Madison:
0.0% (0)
State:
7.5% (32,945)
Number of households with income $50k - 60k:
Madison:
0.0% (0)
State:
6.6% (29,115)
Number of households with income $60k - 75k:
Madison:
21.1% (12)
State:
8.9% (39,013)
Number of households with income $75k - 100k:
Madison:
0.0% (0)
State:
11.8% (51,915)
Number of households with income $100k - 125k:
Madison:
35.1% (20)
State:
9.1% (40,243)
Number of households with income $125k - 150k:
Madison:
0.0% (0)
New Jersey:
6.3% (27,533)
Number of households with income $150k - 200k:
Madison:
0.0% (0)
New Jersey:
8.3% (36,645)
Number of households with income > $200k:
Madison:
15.8% (9)
State:
8.9% (38,974)
Aggregate household income in Madison in 2022: $7,535,501
Median family income in Madison in 2022:
Madison:
$167,428
New Jersey:
$81,896
Number of families with income $20k - 30k:
Madison:
22.1% (8)
State:
5.5% (14,439)
Number of families with income $100k - 125k:
Madison:
56.4% (20)
State:
10.8% (28,173)
Number of families with income $125k - 150k:
Madison:
21.5% (8)
State:
8.2% (21,536)
Median per capita income in Madison in 2022:
Madison:
$22,991
State:
$35,632
Change in median per capita income between 2000 and 2022:
Madison, New Jersey:
+38.6%
State:
+104.7%
Income statistics for Asian residents
Median household income in Madison, NJ in 2022:
Madison:
$208,770
State:
$144,878
Number of households with income < $10k:
Madison:
16.1% (48)
State:
3.8% (12,441)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
New Jersey:
3.1% (9,957)
Number of households with income $20k - 30k:
Madison:
0.0% (0)
State:
3.1% (10,104)
Number of households with income $30k - 40k:
Madison:
0.0% (0)
New Jersey:
3.6% (11,819)
Number of households with income $40k - 50k:
Madison:
6.0% (18)
State:
2.6% (8,334)
Number of households with income $50k - 60k:
Madison:
0.0% (0)
State:
3.6% (11,799)
Number of households with income $60k - 75k:
Madison:
7.7% (23)
New Jersey:
5.4% (17,671)
Number of households with income $75k - 100k:
Madison:
0.0% (0)
State:
9.0% (29,301)
Number of households with income $100k - 125k:
Madison:
3.7% (11)
New Jersey:
9.6% (31,368)
Number of households with income $125k - 150k:
Madison:
2.3% (7)
New Jersey:
8.1% (26,318)
Number of households with income $150k - 200k:
Madison:
6.4% (19)
State:
14.3% (46,703)
Number of households with income > $200k:
Madison:
57.9% (173)
State:
33.8% (110,048)
Aggregate household income in Madison in 2022: $69,291,291
Median family income in Madison in 2022:
Madison:
$253,307
State:
$162,032
Number of families with income $40k - 50k:
Madison:
4.7% (10)
State:
2.1% (5,357)
Number of families with income $60k - 75k:
Madison:
2.0% (4)
New Jersey:
4.9% (12,419)
Number of families with income $100k - 125k:
Madison:
4.3% (9)
New Jersey:
9.2% (23,481)
Number of families with income $125k - 150k:
Madison:
5.6% (12)
State:
8.7% (22,147)
Number of families with income $150k - 200k:
Madison:
8.7% (19)
State:
16.0% (40,707)
Number of families with income > $200k:
Madison:
74.8% (162)
State:
38.9% (99,016)
Median non-family income in Madison in 2022:
Madison:
$1,544
State:
$77,902
Change in median non-family income between 2000 and 2022:: -96.3%
Madison, New Jersey:
-96.3%
State:
+69.1%
Median per capita income in Madison in 2022:
Madison:
$68,437
State:
$62,411
Change in median per capita income between 2000 and 2022:
Madison, New Jersey:
+140.9%
State:
+126.3%
Income statistics for Hispanic or Latino residents
Median household income in Madison, NJ in 2022:
Madison:
$132,350
State:
$72,170
Number of households with income < $10k:
Madison:
0.0% (0)
State:
4.6% (29,004)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
State:
7.9% (50,233)
Number of households with income $20k - 30k:
Madison:
2.5% (19)
State:
6.7% (42,724)
Number of households with income $30k - 40k:
Madison:
5.6% (43)
New Jersey:
8.3% (52,621)
Number of households with income $40k - 50k:
Madison:
1.4% (11)
New Jersey:
6.6% (41,539)
Number of households with income $50k - 60k:
Madison:
21.9% (169)
New Jersey:
6.9% (43,976)
Number of households with income $60k - 75k:
Madison:
3.0% (23)
State:
10.4% (66,157)
Number of households with income $75k - 100k:
Madison:
8.0% (62)
New Jersey:
12.7% (80,102)
Number of households with income $100k - 125k:
Madison:
4.1% (32)
State:
10.1% (63,832)
Number of households with income $125k - 150k:
Madison:
9.2% (71)
State:
7.6% (47,874)
Number of households with income $150k - 200k:
Madison:
9.2% (71)
State:
8.3% (52,287)
Number of households with income > $200k:
Madison:
35.1% (271)
State:
9.9% (62,842)
Aggregate household income in Madison in 2022: $163,257,128
Median family income in Madison in 2022:
Madison:
$152,985
New Jersey:
$77,272
Number of families with income $20k - 30k:
Madison:
1.4% (9)
State:
6.5% (30,501)
Number of families with income $30k - 40k:
Madison:
5.4% (36)
State:
8.3% (38,883)
Number of families with income $40k - 50k:
Madison:
1.5% (10)
State:
7.2% (33,778)
Number of families with income $50k - 60k:
Madison:
25.3% (170)
State:
6.7% (31,451)
Number of families with income $60k - 75k:
Madison:
2.5% (17)
State:
11.1% (52,120)
Number of families with income $75k - 100k:
Madison:
5.8% (39)
New Jersey:
13.3% (62,373)
Number of families with income $100k - 125k:
Madison:
4.9% (33)
New Jersey:
10.9% (51,355)
Number of families with income $125k - 150k:
Madison:
12.2% (82)
State:
7.5% (35,076)
Number of families with income $150k - 200k:
Madison:
2.2% (15)
New Jersey:
8.7% (40,972)
Number of families with income > $200k:
Madison:
38.7% (261)
State:
10.9% (51,269)
Median per capita income in Madison in 2022:
Madison:
$70,457
State:
$30,987
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Madison:
0.0% (0)
New Jersey:
5.3% (760)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
State:
4.6% (649)
Number of households with income $20k - 30k:
Madison:
0.0% (0)
State:
3.7% (526)
Number of households with income $30k - 40k:
Madison:
0.0% (0)
State:
5.0% (706)
Number of households with income $40k - 50k:
Madison:
0.0% (0)
State:
8.1% (1,149)
Number of households with income $50k - 60k:
Madison:
0.0% (0)
State:
11.5% (1,645)
Number of households with income $60k - 75k:
Madison:
100.0% (17)
State:
12.3% (1,759)
Number of households with income $75k - 100k:
Madison:
0.0% (0)
State:
9.2% (1,317)
Number of households with income $100k - 125k:
Madison:
0.0% (0)
State:
6.5% (921)
Number of households with income $125k - 150k:
Madison:
0.0% (0)
State:
13.8% (1,964)
Number of households with income $150k - 200k:
Madison:
0.0% (0)
State:
14.5% (2,066)
Number of households with income > $200k:
Madison:
0.0% (0)
State:
5.5% (790)
Median per capita income in Madison in 2022:
Madison:
$2,863
New Jersey:
$28,858
Change in median per capita income between 2000 and 2022:: -76.1%
Madison, New Jersey:
-76.1%
State:
+54.4%
Income statistics for Multirace residents
Median household income in Madison, NJ in 2022:
Madison:
$136,201
State:
$84,272
Change in median household income between 2000 and 2022:
Madison, New Jersey:
+2.9%
State:
+101.4%
Number of households with income < $10k:
Madison:
0.0% (0)
State:
4.4% (15,172)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
State:
7.1% (24,399)
Number of households with income $20k - 30k:
Madison:
1.6% (11)
New Jersey:
5.8% (19,827)
Number of households with income $30k - 40k:
Madison:
2.6% (18)
New Jersey:
6.7% (23,047)
Number of households with income $40k - 50k:
Madison:
0.0% (0)
New Jersey:
5.9% (20,379)
Number of households with income $50k - 60k:
Madison:
17.4% (118)
New Jersey:
5.8% (19,984)
Number of households with income $60k - 75k:
Madison:
0.0% (0)
State:
9.4% (32,244)
Number of households with income $75k - 100k:
Madison:
6.5% (44)
New Jersey:
12.8% (43,746)
Number of households with income $100k - 125k:
Madison:
22.9% (156)
State:
10.4% (35,588)
Number of households with income $125k - 150k:
Madison:
4.3% (29)
New Jersey:
7.7% (26,354)
Number of households with income $150k - 200k:
Madison:
7.9% (54)
New Jersey:
9.9% (33,977)
Number of households with income > $200k:
Madison:
36.8% (250)
State:
14.1% (48,377)
Aggregate household income in Madison in 2022: $170,863,242
Median family income in Madison in 2022:
Madison:
$148,870
State:
$91,937
Number of families with income < $10k:
Madison:
1.6% (8)
State:
2.8% (6,736)
Number of families with income $30k - 40k:
Madison:
9.1% (46)
State:
6.7% (16,214)
Number of families with income $50k - 60k:
Madison:
20.6% (105)
State:
5.1% (12,262)
Number of families with income $75k - 100k:
Madison:
8.6% (44)
State:
12.6% (30,507)
Number of families with income $100k - 125k:
Madison:
9.3% (47)
State:
10.5% (25,338)
Number of families with income $125k - 150k:
Madison:
5.2% (26)
State:
7.7% (18,663)
Number of families with income > $200k:
Madison:
45.7% (232)
State:
16.8% (40,705)
Median per capita income in Madison in 2022:
Madison:
$60,232
State:
$36,016
Income statistics for other residents
Median household income in Madison, NJ in 2022:
Madison:
$240,632
State:
$67,237
Number of households with income < $10k:
Madison:
0.0% (0)
State:
4.7% (13,969)
Number of households with income $10k - 20k:
Madison:
0.0% (0)
New Jersey:
8.9% (26,341)
Number of households with income $20k - 30k:
Madison:
0.0% (0)
State:
7.1% (21,158)
Number of households with income $30k - 40k:
Madison:
10.3% (13)
New Jersey:
9.6% (28,479)
Number of households with income $40k - 50k:
Madison:
0.0% (0)
State:
6.6% (19,415)
Number of households with income $50k - 60k:
Madison:
11.9% (15)
New Jersey:
7.5% (22,348)
Number of households with income $60k - 75k:
Madison:
0.0% (0)
New Jersey:
10.5% (31,179)
Number of households with income $75k - 100k:
Madison:
0.0% (0)
State:
13.3% (39,515)
Number of households with income $100k - 125k:
Madison:
13.5% (17)
State:
9.4% (27,806)
Number of households with income $125k - 150k:
Madison:
0.0% (0)
State:
7.1% (20,898)
Number of households with income $150k - 200k:
Madison:
0.0% (0)
State:
7.8% (23,101)
Number of households with income > $200k:
Madison:
64.3% (81)
State:
7.4% (21,791)
Aggregate household income in Madison in 2022: $51,532,568
Median family income in Madison in 2022:
Madison:
$284,054
State:
$69,615
Number of families with income $50k - 60k:
Madison:
15.9% (17)
State:
7.9% (18,395)
Number of families with income $100k - 125k:
Madison:
19.4% (20)
State:
10.3% (23,792)
Number of families with income > $200k:
Madison:
64.7% (68)
New Jersey:
7.5% (17,470)
Median per capita income in Madison in 2022:
Madison:
$88,670
New Jersey:
$27,830
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