Madison is a medium-sized borough located in the state of New Jersey. With a population of 16,261 people and four associated neighborhoods, Madison is the 115th 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 90.65% of the workforce employed in white-collar jobs, well above the national average. Overall, Madison is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Madison who work in management occupations (15.60%), teaching (13.77%), and sales jobs (13.40%). 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. A relatively large number of people in Madison telecommute to their jobs. Overall, about 22.08% 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 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 very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Madison really has some of the features that families look for when choosing a good community to raise children. Is Madison perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live. Even though Madison is a smaller borough, it has many people who hop on public transportation – mostly the train for their daily commute to work. Typically, these people are commuting to good jobs in the surrounding cities.Do you like to read, write and learn? If you move to Madison, you'll likely find that many of your neighbors like to as well. Madison is one of the more educated communities in America, with a full 71.14% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%. The per capita income in Madison in 2022 was $82,074, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $328,296 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. Madison also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 12.82% of the borough’s residents. 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 15.22% of the borough’s population. The most common language spoken in Madison is English. Other important languages spoken here include Spanish and Chinese.
