Madison is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Connecticut. With a population of 18,259 people and three constituent neighborhoods, Madison is the 64th largest community in Connecticut.
Madison home prices are not only among the most expensive in Connecticut, but Madison real estate also consistently ranks among the most expensive in America.
Madison is a decidedly white-collar town, with fully 92.51% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a town of professionals, managers and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (18.36%), sales jobs (13.78%) and healthcare (10.92%).
A relatively large number of people in Madison telecommute to their jobs. Overall, about 10.23% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
In addition, Madison is home to many people who could be described as "urban sophisticates", which are people who are not only wealthy and employed in professional occupations, but highly educated to boot. Urban sophisticates have urbane tastes - whether they reside in a big or small city, a suburb, or a little town. Urban sophisticates support bookstores, quality clothing stores, enjoy luxury travel, and in big cities, they are truly the patrons of the arts, attending and supporting institutions such as opera, symphony, ballet, and theatre.
Because of many things, Madison is a great place for families with children to consider. First of all, many other families with children live here, making Madison a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Madison has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Madison’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Madison is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
If knowledge is power, Madison is a pretty powerful place. 66.12% of the adults in Madison have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Madison in 2010 was $53,221, which is wealthy relative to Connecticut and the nation. This equates to an annual income of $212,884 for a family of four.
The people who call Madison home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Madison residents report their race to be White, followed by Asian. Important ancestries of people in Madison include Irish, Italian, German, English, Polish and Scottish.
The most common language spoken in Madison is English.
|NUMBER OF HOMES AND APARTMENTS||6,727|
|MADISON HOME OWNERSHIP|
|% OWNER OCCUPIED||86.07%|
|% RENTER OCCUPIED||13.93%|
|TYPE OF MADISON HOMES|
|SINGLE FAMILY DETACHED||90.42%|
|ROWHOUSES AND ATTACHED HOMES||3.79%|
|SMALL APARTMENT BUILDINGS||4.07%|
|COMPLEXES OR HIGH RISE APARTMENTS||1.71%|
|SIZE OF MADISON HOMES|
|5 OR MORE BEDROOMS||8.77%|
|AGE OF MADISON HOMES|
|NEWER HOMES (2000 OR LATER)||8.99%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||48.48%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||28.52%|
|HISTORIC (1939 OR BEFORE)||14.01%|
|MADISON REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$450,788|
|MEDIAN RENTAL PRICE||$1,207|
|HOME VALUE RANGE|
|$0 - $48,000||2.07%|
|$48,001 - $96,000||0.71%|
|$96,001 - $192,000||1.26%|
|$192,001 - $289,000||10.47%|
|$289,001 - $385,000||22.82%|
|$385,001 - $481,000||21.41%|
|$481,001 - $721,000||24.86%|
|$721,001 - $962,000||10.16%|
|PEOPLE OF MADISON||DETAILS|
|UNDER 5 YEARS||3.92%|
|5 TO 17||23.56%|
|18 TO 24||4.70%|
|25 TO 34||4.63%|
|35 TO 54||29.26%|
|55 TO 64||13.95%|
|65 YEARS AND OVER||19.98%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.02%|
|MEDIAN HOUSEHOLD INCOME||$108,231|
|PER CAPITA INCOME||$53,221|
|INDIVIDUALS BELOW POVERTY LEVEL||3.12%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (16.71%)
Professional, scientific, and technical services (10.38%)
Public Service (4.14%)
Information Technology (3.67%)
Real estate (2.61%)
|BLACK OR AFRICAN AMERICAN||0.37%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.21%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||0.37%|
|TWO OR MORE RACES||1.21%|
|HISPANIC OR LATINO (OF ANY RACE)||1.15%|
|ETHNICITIES PRESENT||Irish (30.14%)
|LANGUAGES SPOKEN||English (92.65%)
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