Madison County, New York 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.
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C
Madison County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,545 | $86,556 | $80,455 |
| Median Personal Income | $58,580 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.5% | 4.8% |
| Six-Figure Earners | 10.3% | 16.7% | 13.9% |
| $200k+ Households | 8.8% | 17.1% | 13.2% |
The median household income in Madison County is about 13% lower than in New York. Income has been growing slower in Madison County (3.9%/yr) than in New York (4.5%/yr).
About 10% of adults in Madison County earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, New York grew by 46.4% from 2009 to 2024, reaching $75,545 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.557 | 0.552 |
| Male Median Income | $66,633 | $77,531 | $69,667 |
| Female Median Income | $58,947 | $67,892 | $56,850 |
| Gender Pay Gap | 11.5% | 12.4% | 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 0.548, lower than New York's 0.557, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 13% more than women's income in Madison County, New York. Over a 35-year career, a 13% wage gap accumulates to roughly $269,010 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 County, New York has narrowed from about 26% to 12% in 2024. In dollar terms, the gap has narrowed by $3,799 since 2009.
Employment
| Metric | Madison County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 6.4% | 5.2% |
| Working from Home | 10.4% | 15.0% | 15.0% |
| Commute time (minutes) | 21 | 28 | 22 |
Approximately 1,372 people are unemployed in Madison County, New York.
The average commute time in Madison County is 21 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, New York has fallen from 5.9% to 4.2% in 2024. Over that period the rate peaked at 6.0% in 2012 and fell as low as 3.9% in 2020.
Madison County, NY Wealth Compared With Nearby Counties
Madison County, NY is typical in size for this group, 67,325 residents against a local median of 60,108, so the measures below are close to a like for like comparison. The measure that sets Madison County, NY apart most is unemployment: 4.2%, 18% below the local median of 5.2%. That is the better end of the local range on this measure.
The counties themselves spread 1.8% on unemployment, so Madison County, NY sits at one end of an already wide local range rather than apart from it. Madison County, NY has the lowest unemployment 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, NY | 67,325 | $75,545 #2/6 | 3.9%/yr #6/6 | 4.2% #1/6 | 0.548 #5/6 |
| Oneida County, NY | 229,092 | $70,832 | 4.5%/yr | 4.6% | 0.530 |
| Chenango County, NY | 46,321 | $63,798 | 4.0%/yr | 6.4% | 0.495 |
| Cortland County, NY | 46,246 | $69,777 | 3.9%/yr | 4.6% | 0.535 |
| Onondaga County, NY | 470,361 | $77,376 | 4.1%/yr | 5.2% | 0.531 |
| Otsego County, NY | 60,108 | $69,866 | 4.4%/yr | 6.3% | 0.556 |
Conclusion
Considering all these factors, Madison County, New York has an overall wealth index grade of C, making it about on par with New York, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, New York.
How Rich Is Madison County, New York?
Madison County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $75,545, about 13% lower than the New York average of $86,556.
Are incomes growing in Madison County, New York?
Between 2009 and 2024, the median household income in Madison County, New York rose 46%, from $51,595 to $75,545. Over the same years, income here lagged behind New York as a whole: +46% against +56%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, New York was $73,499, up 6% from $69,198 in 2022. The New York median that year was $85,199.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, New York was $61,371. By 2024 it had risen 23% to $75,545.
Is it hard to find a job in Madison County, New York?
Unemployment in Madison County, New York is only 4.2%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Madison County, New York?
The Gini coefficient in Madison County is 0.548. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Madison County, New York?
Since 2009, the income gap between men and women in Madison County, New York has narrowed from about 26% to 12% in 2024. In dollar terms, the gap has narrowed by $3,799 since 2009.
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