Madison, NJ
16,447Residents
$171,471Median household income
$2,253/moMedian gross rent
$943,200Median home value
38.2Median age
74%Adults with a bachelor’s degree or higher
64%Homes lived in by their owners
5.5×Home value to household income
Median rent takes about 16% of the median household income in Madison.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $90,000 a year. In New Jersey that leaves roughly $5,637 a month after tax. See the full paycheck breakdown for $90,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.