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The total population of New Madison is estimated to be 958 with 464 males (48.43%) and 494 females (51.57%). There are 30 more females than males in New Madison.
The median household income in New Madison was $63,584 in 2021, which marked an an increase of 892(1.42%) from $62,692 in 2020. This income is 85.23% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, New Madison sees its highest median household income among householders in the age group of under 25 years old, at $64,742. Overall, the median household income for the village of New Madison stands at $63,584.
In New Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $41,717 for males and $26,160 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,145 for males and $42,766 for females.
In New Madison, population is primarily represented by White households, reporting a median income of $63,186.
In 2022, the population of New Madison was 833, a 0.48% decrease year-by-year from 2021. Previously, in 2021, New Madison's population was 837, a decline of 0.59% compared to a population of 842 in 2020.
The median age in New Madison, OH is 38.1, as per 2021 ACS 5-Year Estimates. Of the total population, 22.29% were under the age of 15, 17.19% aged 15 to 29, 43.17% aged 30 to 64, 15.95% aged 65 to 84, and 1.40% were 85 years of age and older.
Racial distribution of New Madison population: 96.22% are White and 3.78% are multiracial.