Madison has a population of approximately 265,447 and experiences a population change rate of 27.59%. The population density is 3,368.1 / sq mi .
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Population
Household
The median household income for Madison is $70,466, with 117,324 households and an average household size of 2.16.
Home Value
The median value of a home in Madison is $337,500 with an appreciation rate of 15.50%. 45.57% of housing in the state is owned while 50.15% is rented.
Cost of Living
The cost of living in Madison is 109.5 %.
Employment
The unemployment rate in Madison is 1.60%, and recent job growth is at 2.19%. Future job growth is projected at 41.88%.
Taxes
The sales tax rate in Madison is 5.50%, while the income tax rate is 6.27% .
Education
School expenditures in Madison are $17,641, and the school ratio is 13.2:1.
Weather
The average high temperature in July is 81.9 degrees, with an average low temperature in January of 10.2 degrees. The average rainfall is approximately 36.1 inches per year, with 42.4 inches of snow per year.