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INCOME: The median income of households in Madison was $51,288. Eighty-six percent of the households received earnings and 14 percent received retirement income besides Social Security. Eighteen percent of the households received Social Security. The average income from Social Security was $16,376. These sources of income are not necessarily exclusive; some families got money from more than one source.
HOUSING COSTS: The median monthly housing costs for mortgaged owners was $1,653, nonmortgaged owners $627, and renters $833. Thirty-five percent of owners with mortgages, 13 percent of owners without mortgages, and 55 percent of renters in Madison spent 30 percent or more of their income on housing items.
Source: American Community Survey - 2009