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Madison, NJ 07940 has a population of approximately 17,242 and experiences a population change rate of 4.05%. The population density is 3,708 / sq mi .
The median household income for Madison, NJ 07940 is $152,469, with 5,710 households and an average household size of 2.7.
The median value of a home in Madison, NJ 07940 is $842,600 with an appreciation rate of 12.10%. 61.45% of housing in the state is owned while 34.34% is rented.
The cost of living in Madison, NJ 07940 is 199.5 %.
The unemployment rate in Madison, NJ 07940 is 2.50%, and recent job growth is at 2.76%. Future job growth is projected at 47.23%.
The sales tax rate in Madison, NJ 07940 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Madison, NJ 07940 are $25,345, and the school ratio is 10.9:1.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 50.4 inches per year, with 25.1 inches of snow per year.