Madison, ME Profile: Facts & Data

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Madison, Maine - Basic Facts

The Madison Census Designated Place had a population of 2,493 as of July 1, 2019.

The primary coordinate point for Madison is located at latitude 44.7976 and longitude -69.8798 in Somerset County. The formal boundaries for the Madison Census Designated Place encompass a land area of 6.43 sq. miles and a water area of 0.28 sq. miles. Somerset County is in the Eastern time zone (GMT -5). The elevation is 302 feet.

The Madison Census Designated Place (GNIS ID: 2377933) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Madison Census Designated Place is located within Town of Madison, a minor civil division (MCD) of Somerset County.

Alternate Unofficial Names for Madison: Madison Village.

Jump to... (On This Page!)
  1. Madison 2019 Demographic Data
  2. Growth Rates for Madison (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Maine Research Tools (Easy Tools & Current Data)
  3. Maine Data Comparison Tool - 2019 Demographics

Madison, ME - Most Popular Things to Do

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Madison, ME Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Madison, ME Housing Affordability Index is 160
State of Maine Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Madison, ME Wealth Index is 33
State of Maine Wealth Index is 86
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Maine address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 2,493
Population in Households 2,406
Population in Familes 1,778
Population in Group Qrtrs 87
Population Density 388
Diversity Index1 11
 

INCOME

Median Household Income $36,109
Average Household Income $45,683
Per Capita Income $19,394
Wealth Index3 33

HOUSING

Total Housing Units 1,219 (100%)
Owner Occupied HU 652 (53.5%)
Renter Occupied HU 409 (33.6%)
Vacant Housing Units 158 (13.0%)
Median Home Value $99,525
Housing Affordability Index2 160
 

HOUSEHOLDS

Total Households 1,061
Average Household Size 2.27
Family Households 619
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.58% -0.71%
Households -0.6% -0.77%
Families -0.77% -0.92%
Median Household Income   2.57%
Per Capita Income   3.02%

Madison, ME - Peer Comparisons by Rank and Percentile

The table below compares Madison to the other 130 incorporated cities, towns and CDPs in Maine by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 56 58th
Population Density # 84 36th
Diversity Index # 78 39th
Median Household Income # 116 12th
Per Capita Income # 128 2nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Maine Census Data Comparison Tool.

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