Madison — Financial Data

58,335 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for Alabama and Madison.

Component	Summary	Effective	Coverage	Sources
AL state personal income tax	Alabama uses graduated individual income-tax rates of 2%, 4%, and 5%.	Current ALDOR guidance (as accessed April 18, 2026).	Rate missing	Alabama individual income tax
AL sales and use tax (base)	Alabama general state sales and use tax rate is 4%; local city/county rates can apply in addition.	Current ALDOR state sales/use rate table (as accessed April 18, 2026).	Rate missing	Alabama state sales and use tax rates; Alabama sales and use tax rates
AL property tax policy (county-administered assessments)	Most taxable real and personal property is assessed locally at the county level, while the state handles public utility property.	Current ALDOR property-tax guidance (as accessed April 18, 2026).	Needs review	Alabama property tax division

Community Profile

Census Bureau ACS 5-year estimates

4.0% Poverty Rate 2023

65.9% Bachelor's+ Rate 2023

2.5% Unemployment Rate 2023

74.7% Homeownership Rate 2023

Median Household Income

$131,436 (2023)

2010 2023

Per Capita Income

$54,644 (2023)

2010 2023

Median Home Value

$367,900 (2023)

2010 2023

Median Gross Rent

$1,375 (2023)

2010 2023

Median Age

37.9 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Documents (13)

Year	Title	Type
2023	Madison Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Madison Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Madison Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5
2019	Madison Census ACS 5-Year Estimates 2019	US_CENSUS_ACS5
2018	Madison Census ACS 5-Year Estimates 2018	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.