Madison County, Florida Income Statistics
Madison County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
D
Madison County Well below averageLess wealthy than 91% of counties in Florida
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,984 | $74,580 | $80,455 |
| Median Personal Income | $39,616 | $52,322 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.4% | 4.8% |
| Six-Figure Earners | 3.4% | 11.6% | 13.9% |
| $200k+ Households | 2.1% | 11.0% | 13.2% |
The median household income in Madison County is about 34% lower than in Florida. Income has been growing faster in Madison County (6.5%/yr) than in Florida (5.4%/yr).
About 3% of adults in Madison County earn six figures ($100,000 or more) a year, lower than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Florida grew by 34.7% from 2009 to 2024, reaching $48,984 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.595 | 0.551 | 0.552 |
| Male Median Income | $43,824 | $60,595 | $69,667 |
| Female Median Income | $45,344 | $50,762 | $56,850 |
| Gender Pay Gap | -3.5% | 16.2% | 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 County, it is 0.595, higher than Florida's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Women's income is about 3% more than men's income in Madison County, Florida. Over a 35-year career, a 3% wage gap accumulates to roughly $53,200 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Florida has narrowed from about 16% to -3% in 2024. Over that period the gap was widest at 26% in 2020. In dollar terms, the gap has narrowed by $6,441 since 2009.
Employment
| Metric | Madison County | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 4.7% | 15.7% | 15.0% |
| Commute time (minutes) | 21 | 23 | 22 |
Approximately 371 people are unemployed in Madison County, Florida.
The average commute time in Madison County is 21 minutes, shorter than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Florida has fallen from 8.9% to 5.8% in 2024. Over that period the rate peaked at 14.1% in 2013 and fell as low as 2.4% in 2023.
Madison County, FL Wealth Compared With Nearby Counties
Madison County, FL is typical in size for this group, 18,089 residents against a local median of 16,293, so the measures below are close to a like for like comparison. The measure that sets Madison County, FL apart most is income growth: 6.5%/yr, 65% above the local median of 4.0%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.7%/yr on income growth, so Madison County, FL sits at one end of an already wide local range rather than apart from it. Madison County, FL has the highest income growth of the 6 areas compared here.
| 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 County, FL | 18,089 | $48,984 #4/6 | 6.5%/yr #1/6 | 5.8% #4/6 | 0.595 #4/6 |
| Brooks County, GA | 16,293 | $47,133 | 4.0%/yr | 5.0% | 0.586 |
| Lowndes County, GA | 119,965 | $58,832 | 5.3%/yr | 4.8% | 0.568 |
| Jefferson County, FL | 15,091 | $62,677 | 5.2%/yr | 7.4% | 0.578 |
| Taylor County, FL | 21,503 | $48,581 | 3.9%/yr | 5.4% | 0.604 |
| Hamilton County, FL | 13,616 | $50,135 | 3.6%/yr | 6.7% | 0.600 |
Conclusion
Considering all these factors, Madison County, Florida has an overall wealth index grade of D, making it somewhat worse than Florida, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, Florida.
How Rich Is Madison County, Florida?
Madison County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $48,984, about 34% lower than the Florida average of $74,580.
How has median household income changed in Madison County, Florida?
Between 2009 and 2024, the median household income in Madison County, Florida rose 35%, from $36,358 to $48,984. Over the same years, income here lagged behind Florida as a whole: +35% against +57%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Florida was $47,327, up 8% from $43,768 in 2022. The Florida median that year was $71,864.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Florida was $35,251. By 2024 it had risen 39% to $48,984.
What is the Gini coefficient in Madison County, Florida?
The Gini coefficient in Madison County is 0.595. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Madison County, Florida?
Since 2009, the income gap between men and women in Madison County, Florida has narrowed from about 16% to -3% in 2024. Over that period the gap was widest at 26% in 2020. In dollar terms, the gap has narrowed by $6,441 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →