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. One interesting thing about the economy is that relatively large numbers of people worked from their home: 22.08% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. 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. Madison is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Madison’s overall crime rate is lower than average for the country. 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.If knowledge is power, Madison is a pretty powerful place. 71.14% 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 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. Madison also has a high percentage of its population that was born in another country: 15.22%. The most common language spoken in Madison is English. Other important languages spoken here include Spanish and Chinese.
