NJ landscape

07940

Madison, NJ

Total Population
17,798
Median Household Income
$163,643
Median Home Value
$845,500
Median Rent
$2,168

Quick Facts & Insights

Key metrics and how they compare

Household Income
$163,643
100.5% above state median
Home Value
$845,500
102.7% above state median
Rent
$2,168
100% above state median
Median Age
34.5 years

Data Sources & Accuracy

U.S. Census Bureau:Population, age, income, education, employment, and housing characteristics are from the American Community Survey (ACS) 5-Year Estimates (2018–2022 release).
Zillow (ZHVI):Typical home values reflect the Zillow Home Value Index (smoothed, seasonally adjusted), published monthly.

Estimates carry a margin of error and describe the ZIP-code area as a whole, not any individual property or block. See our methodology and data sources for details, or report a problem on our corrections page.

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Location Map

Madison, NJ 07940

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Demographics Overview

Population statistics from the U.S. Census Bureau (ACS 5-year estimates)

Key Demographic Insightsfor Madison, NJ

Median household income is 101% below state average, suggesting more affordable cost of living.

High education levels with 71.1% holding bachelor's degrees or higher, well above national average of 33%.

Young population with median age of 34.5 years, attracting young professionals and families.

Unemployment rate of 6.8% is above national average, indicating economic challenges.

Low poverty rate of 2.9%, well below national average.

Insights are derived from US Census Bureau data and may not reflect recent changes.

Household Income Distribution

Local Median Income
$163,643
+117.8% vs US
vs State Median
+-100.5%
State: $-31,562,852
Income Distribution
30.8%
Under $50k
18.5%
Over $100k
Lower Income
Middle Income
Higher Income
Data from US Census Bureau ACS 5-Year Estimates

Age Distribution

Population by age group

Household Income Breakdown

Households by income bracket

Education Levels (Age 25+)

Highest education attained

Race & Ethnicity

Demographic composition

Households & Employment

Household Types

Family composition breakdown

Average Household Size: 2.71 people

Total Households
5,541
Family Households
59.4%

Employment by Industry

Where residents work

#1 Industry
Finance
36.8%
#2 Industry
Manufacturing
19.3%
#3 Industry
Education
17.0%
Total Employed Residents:3,719

Commute Patterns

How residents get to work

Short Commute
4.0%
Under 10 minutes
Long Commute
6.8%
Over 60 minutes
Work From Home
13.8%
970 workers
Public Transit
9.2%
649 workers
Total Commuting Workers:7,052
Commute Insights
High remote work adoption (13.8% work from home)

Labor Force Statistics

Employment Rate
93.2%
9,234 employed
Labor Force
9,909
675 unemployed
Median Age
34.5 years
Per Capita Income
$77,199
Poverty Rate
2.9%

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