Madrid, Alabama Population

Madrid, Alabama has a population of 357, with a median household income of $41,000.

Current population data for Madrid.

357

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Population

357

💰

Median Income

$41,000

📉

Unemployment

4.90%

🏠

Housing Price

$120,000

🚨

Crime Rate

2.80

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Internet Speed

130.00 Mbps

Madrid is a small local community located in Alabama. The city has a population that is below the average city population in Alabama, 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.

Madrid, located in Alabama, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Madrid has a population of 357, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Madrid is $41,000, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Madrid is about $120,000, making it relatively affordable compared to many cities in Alabama.

Employment and Safety

The unemployment rate in Madrid is 4.90%, slightly above the state average, suggesting moderate employment conditions. Madrid has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

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

Madrid continues to play a role in shaping regional trends in Alabama, particularly in terms of economic and demographic factors.

Frequently Asked Questions about Madrid

What is the population of Madrid?

The population of Madrid is approximately 357.

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 $41,000.

How expensive is housing in Madrid?

The average housing price in Madrid is approximately $120,000.