Madison, a city located in the state of Maine (ME), is home to a population of approximately 4,738 people. Madison boasts a median age of 52.4, with around 37% of its residents aged 60 or above. 10.4% of the population identifies as US Veterans. 21.1% of Madison residents are disabled. The city has an average household income of $55,839, while the unemployment rate stands at 2.3%, and around 19.6% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Madison is $151,316, with a monthly rent averaging $976.