Madison, a city located in the state of Alabama (AL), is home to a population of approximately 56,967 people. Madison boasts a median age of 39.1, with around 19.4% of its residents aged 60 or above. 12.9% of the population identifies as US Veterans. 8.7% of Madison residents are disabled. The city has an average household income of $118,132, while the unemployment rate stands at 3%, and around 4.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Madison is $326,827, with a monthly rent averaging $1,201.