Madison, Alabama Income Statistics
Madison Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A
Madison Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison | Alabama Avg | US Average |
|---|---|---|---|
| Median Household Income | $123,671 | $64,544 | $80,455 |
| Median Personal Income | $91,726 | $52,756 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.7% | 4.8% |
| Six-Figure Earners | 27.8% | 9.6% | 13.9% |
| $200k+ Households | 22.4% | 7.8% | 13.2% |
The median household income in Madison is about 92% higher than in Alabama. Income has been growing slower in Madison (4.3%/yr) than in Alabama (4.7%/yr).
About 28% of adults in Madison earn six figures ($100,000 or more) a year, higher than the Alabama average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison, Alabama grew by 53.6% from 2009 to 2024, reaching $123,671 in 2024. That's an average of about 4.3% per year.
Madison has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2020, its income was 40% higher. The gap has narrowed from 57% in 2009 to 54% in 2024.
Income Distribution in Madison
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 11,510 households (58.8% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 10.2% of households in Madison had an income under $35,000 and 38.9% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Madison has a larger share of households earning $200,000 or more (22.4% vs 13.2%) and a smaller share earning $15,000 to $24,999 (2.1% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 558 | 2.9% | 5.1% |
| $10,000 to $14,999 | 373 | 1.9% | 3.5% |
| $15,000 to $24,999 | 415 | 2.1% | 6.4% |
| $25,000 to $34,999 | 642 | 3.3% | 6.7% |
| $35,000 to $49,999 | 1,289 | 6.6% | 10.1% |
| $50,000 to $74,999 | 3,020 | 15.4% | 15.5% |
| $75,000 to $99,999 | 1,755 | 9.0% | 12.6% |
| $100,000 to $149,999 | 3,908 | 20.0% | 17.4% |
| $150,000 to $199,999 | 3,222 | 16.5% | 9.5% |
| $200,000 or more | 4,380 | 22.4% | 13.2% |
Shares are of all 19,561 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 11,178 residents (27.8% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 32.2% of residents who have any income.
In 2024, 13.9% of Madison residents aged 15 and over reported no personal income, 23.1% had some income but less than $25,000, and 35.7% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Madison has a larger share of residents earning $100,000 or more (27.8% vs 13.9%) and a smaller share earning $35,000 to $49,999 (8.9% vs 12.6%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 5,607 | 13.9% | 12.8% |
| $1 to $9,999 | 3,945 | 9.8% | 11.2% |
| $10,000 to $14,999 | 2,030 | 5.0% | 7.0% |
| $15,000 to $24,999 | 3,342 | 8.3% | 10.5% |
| $25,000 to $34,999 | 2,377 | 5.9% | 9.5% |
| $35,000 to $49,999 | 3,591 | 8.9% | 12.6% |
| $50,000 to $74,999 | 5,013 | 12.4% | 14.3% |
| $75,000 to $99,999 | 3,187 | 7.9% | 8.2% |
| $100,000 or more | 11,178 | 27.8% | 13.9% |
Shares are of the 40,271 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 13.9% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Madison
| Metric | Madison | Alabama Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.560 | 0.552 |
| Male Median Income | $119,071 | $62,840 | $69,667 |
| Female Median Income | $65,226 | $47,036 | $56,850 |
| Gender Pay Gap | 45.2% | 25.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Madison, it is 0.542, lower than Alabama's 0.560, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 83% more than women's income in Madison, Alabama. Over a 35-year career, a 83% wage gap accumulates to roughly $1,884,575 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison, Alabama has narrowed from about 53% to 45% in 2024. Over that period the gap was narrowest at 44% in 2012. In dollar terms, the gap has widened by $9,720 since 2009.
Employment
| Metric | Madison | Alabama Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.7% | 5.2% |
| Working from Home | 18.7% | 8.8% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 627 people are unemployed in Madison, Alabama.
The average commute time in Madison is 20 minutes, shorter than the 22 minutes in Alabama.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison, Alabama has fallen from 6.4% to 2.3% in 2024. Over that period the rate peaked at 7.3% in 2013.
Madison has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2018, at 1.3 points lower. The gap has widened from 2.3 points in 2011 to 2.9 points in 2024.
Madison, AL Wealth Compared With Nearby Cities
How Madison, AL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Madison, AL | 50,327 | $123,671 #1/2 | 4.3%/yr #2/2 | 2.3% #1/2 | 0.542 #1/2 |
| Huntsville, AL | 214,345 | $73,149 | 4.7%/yr | 4.3% | 0.562 |
Conclusion
Considering all these factors, Madison, Alabama has an overall wealth index grade of A, making it far better than Alabama, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison, Alabama.
How Rich Is Madison, Alabama?
Madison has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $123,671, about 92% higher than the Alabama average of $64,544.
Are incomes growing in Madison, Alabama?
Between 2009 and 2024, the median household income in Madison, Alabama rose 54%, from $80,523 to $123,671. Over the same years, income here lagged behind Alabama as a whole: +54% against +56%.
What was the median household income in Madison in 2023?
In 2023, the median household income in Madison, Alabama was $120,618, up 12% from $108,123 in 2022. The Alabama median that year was $62,326.
What was the median household income in Madison in 2020?
In 2020, the median household income in Madison, Alabama was $90,612. By 2024 it had risen 36% to $123,671.
Do many residents of Madison, Alabama earn over $100,000?
Yes. 28% of adults in Madison, Alabama earn $100,000 or more a year (about 1 in 4), against 10% (about 1 in 10) in Alabama. 22% of households have a combined income of $200,000 or more, compared with 8% in Alabama.
Is it hard to find a job in Madison, Alabama?
Unemployment in Madison, Alabama is only 2.3%, well below the Alabama rate of 4.7%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Madison, Alabama?
The Gini coefficient in Madison is 0.542. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Madison, Alabama?
Since 2009, the income gap between men and women in Madison, Alabama has narrowed from about 53% to 45% in 2024. Over that period the gap was narrowest at 44% in 2012. In dollar terms, the gap has widened by $9,720 since 2009.
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