Everything You Need to Know About the City of Madison Wisconsin

In 2017, Madison, Wisconsin had a population of 249k people with a median age of 31 and a median household income of $59,387 dollars. Between 2016 and 2017 the population of Madison, WI grew from 246,034 to 248,856, a 1.15 percent increase and its median household income grew from $56,464 dollars to $59,387 dollars, a 5.18 percent increase.

The population of Madison, WI is 74.5 percent White Alone, 8.72 percent Asian Alone, and 7.02 percent Hispanic or Latino. N/A% of the people in Madison, WI speak a non-English language, and 92.6 percent are U.S. citizens.

The largest universities in Madison, WI are University of Wisconsin-Madison (12,367 degrees awarded in 2017), Madison Area Technical College (3,196 degrees), and University of Wisconsin Colleges (1,504 degrees).

The median property value in Madison, WI is $223,300 dollars, and the homeownership rate is 47.6 percent. Most people in Madison, WI commute by Drove Alone, and the average commute time is 18.6 minutes. The average car ownership in Madison, WI is 2 cars per household.


Education in Madison

In 2017, universities in Madison, WI awarded 18,847 degrees. The student population of Madison, WI is skewed towards women, with 34,443 male students and 40,184 female students.

Most students graduating from Universities in Madison, WI are White (13,793 and 80.7 percent), followed by Hispanic or Latino (887 and 5.19 percent), Asian (843 and 4.93 percent), and Black or African American (582 and 3.4 percent).

The largest universities in Madison, WI by the number of degrees awarded are University of Wisconsin-Madison (12,367 and 65.6 percent), Madison Area Technical College (3,196 and 17 percent), and University of Wisconsin Colleges (1,504 and 7.98 percent).

The most popular majors in Madison, WI are Other Liberal Arts & Sciences, General Studies, & Humanities (1,482 and 7.86 percent), Nursing Assistant & Patient Care Assistant (787 and 4.18 percent), and Registered Nursing (567 and 3.01 percent).

The median tuition costs in Madison, WI is $20,750 dollars for private four-year colleges, and $4,750 dollars and $12,321 dollars respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Madison

The economy of Madison, WI employs 146k people and Madison has an unemployment rate of 2.1 percent. Madison has seen the job market increase by 1.0 percent over the last year. Future job growth over the next ten years is predicted to be 37.9 percent, which is higher than the US average of 33.5 percent. The largest industries in Madison, WI are Educational Services (24,988 people), Professional, Scientific, & Technical Services (18,227 people), and Health Care & Social Assistance (21,167 people), and the highest paying industries are Utilities ($63,542 dollars), Professional, Scientific, & Technical Services ($55,900 dollars), and Public Administration ($53,794 dollars).

Households in Madison, WI have a median annual income of $59,387 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $56,464 dollars in 2016, which represents a 5.18 percent annual growth.


Tax Rates for Madison

– The Sales Tax Rate for Madison is 5.5 percent.

– The Income Tax Rate for Madison is 6.3 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Madison

– The average earnings of a Madison resident are $31,659 dollars a year.

– The Median household earnings of a Madison resident is $53,933 dollars a year.