Madison is a medium-sized borough located in the state of New Jersey. With a population of 17,654 people and four constituent neighborhoods, Madison is the 124th largest community in New Jersey.
Madison home prices are not only among the most expensive in New Jersey, but Madison real estate also consistently ranks among the most expensive in America.
Madison is a decidedly white-collar borough, with fully 93.12% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a borough of managers, professionals, and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (16.37%), sales jobs (15.69%), and business and financial occupations (12.51%).
Also of interest is that Madison has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 10.40% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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 a college town. There are a lot of students in Madison attending college, and as a result Madison provides a number of services, amenities and opportunities geared to the needs and activities of students.
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 borough’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.
In Madison, a lot of people use the train to get to work every day though Madison is a relatively small borough. Those that ride the train are primarily traveling out of town to good jobs in other cities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Madison. 67.15% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Madison in 2018 was $73,157, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $292,628 for a family of four.
Madison is a very ethnically-diverse borough. 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 Italian, Irish, German, English, and Polish.
Foreign born people are also an important part of Madison's cultural character, accounting for 15.86% of the borough’s population.
The most common language spoken in Madison is English. Other important languages spoken here include Spanish and Chinese.