Madrid, Iowa Unemployment

Madrid, Iowa has a population of 2,647, with a median household income of $56,700.

Current unemployment data for Madrid.

3.10%

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Population

2,647

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Median Income

$56,700

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Unemployment

3.10%

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Housing Price

$611,200

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Crime Rate

2.80

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Internet Speed

220.00 Mbps

Madrid is a small local community located in Iowa. The city has a population that is above the average city population in Iowa, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Iowa, Madrid provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Madrid has a population of 2,647, which is higher than the state average. This indicates a relatively larger urban presence within Iowa.

Income and Economy

The median household income in Madrid is $56,700, which is below the state average, indicating moderate economic conditions.

Housing Market

Housing prices in Madrid average around $611,200, which is relatively high compared to other cities in Iowa.

Employment and Safety

The unemployment rate in Madrid is 3.10%, which is lower than the state average, indicating a relatively strong job market. Madrid has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Iowa, Madrid shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Iowa, Madrid contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Madrid

What is the population of Madrid?

The population of Madrid is approximately 2,647.

Is Madrid a good place to live?

Madrid offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Madrid?

The median household income in Madrid is around $56,700.

How expensive is housing in Madrid?

The average housing price in Madrid is approximately $611,200.