How many renters in Madison Borough, NJ pay more than 30% of their income on rent?
53.1% (±8.9 points) of renting households in Madison Borough, NJ spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
44.8% spend 35% or more.
The median renting household spends 31.9% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 53.1% (±8.9 points)
- Paying 35% or more
- 44.8% (±7.6 points)
- Median share of income
- 31.9% (±4.2 points)
Rent as a share of income in Madison Borough
| Share of income spent on rent | Madison Borough | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than 15% | 15.0% (±5.3 points) | 12.5% | 12.2% | 12.6% |
| 15% to 19.9% | 10.8% (±5.2 points) | 13.6% | 12.3% | 12.2% |
| 20% to 24.9% | 13.0% (±5.9 points) | 16.7% | 12.6% | 12.6% |
| 25% to 29.9% | 8.0% (±3.9 points) | 11.9% | 11.4% | 11.5% |
| 30% to 34.9% | 8.3% (±4.6 points) | 6.8% | 8.9% | 9.2% |
| 35% or more | 44.8% (±7.6 points) | 38.4% | 42.7% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Madison Borough against Morris County, its state and the nation
| Madison Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Paying 30% or more | 53.1% (±8.9 points) | 45.2% (±2.3 points) | 51.6% (±0.4 points) | 51.1% |
| Paying 35% or more | 44.8% (±7.6 points) | 38.4% (±2.1 points) | 42.7% (±0.4 points) | 41.9% |
| Median share of income | 31.9% (±4.2 points) | 28.0% (±0.9 points) | 30.9% (±0.3 points) | 30.6% |
| Median renter household income | $87,115 (±$14,545) | $79,949 (±$4,109) | $62,674 (±$718) | $52,966 |
| Median gross rent | $2,253 (±$120) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
In Madison Borough, the share of renters paying 30% or more of income is not measurably different from Morris County (45.2%).
It is not measurably different from New Jersey (51.6%).
It is not measurably different from the national figure (51.1%).
In Morris County, Madison Borough ranks 15 of 39 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 244 of 560.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Madison Borough
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Madison Borough | — | 53.1% (±8.9 points) | — |
| Florham Park Borough | 1.7 mi | 43.8% (±12.6 points) | Not measurably different |
| Chatham Borough | 2.1 mi | 41.3% (±14.3 points) | Not measurably different |
| Green Village | 2.2 mi | 78.6% (±23.8 points) | Higher |
| Chatham Township | 2.6 mi | 62.1% (±17.4 points) | Not measurably different |
| Summit | 4.0 mi | 45.0% (±10.2 points) | Not measurably different |
| Morristown Town | 4.1 mi | 37.4% (±5.6 points) | Lower |
| New Providence Borough | 4.1 mi | 37.7% (±11.6 points) | Lower |
| Harding Township | 4.3 mi | 63.0% (±38.7 points) | Not measurably different |
Nearby places with a measurably lower figure: Morristown Town, NJ (37.4%), New Providence Borough, NJ (37.7%).
Nearby places with a measurably higher figure: Green Village, NJ (78.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Morris County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 9 | Dover Town | 60.8% (±9.9 points) |
| 10 | Netcong Borough | 58.3% (±18.5 points) |
| 11 | Denville Township | 56.8% (±20.1 points) |
| 12 | Mine Hill Township | 56.7% (±55.2 points) |
| 13 | Wharton Borough | 55.4% (±16.0 points) |
| 14 | Boonton Town | 53.4% (±14.5 points) |
| 15 | Madison Borough | 53.1% (±8.9 points) |
| 16 | Randolph Township | 52.8% (±11.5 points) |
| 17 | Long Hill Township | 50.5% (±27.5 points) |
| 18 | Riverdale Borough | 50.0% (±17.3 points) |
| 19 (tie) | Hanover Township | 48.1% (±19.0 points) |
| 19 (tie) | Mount Arlington Borough | 48.1% (±17.2 points) |
| 21 | Mountain Lakes Borough | 47.8% (±71.5 points) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Madison Borough
Are renters in Madison Borough rent-burdened?
53.1% of renting households in Madison Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Madison Borough spend on rent?
The median renting household in Madison Borough, NJ spends 31.9% (±4.2 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison borough, Morris County, New Jersey
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Madison borough, Morris County, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Madison borough, Morris County, New Jersey
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison borough, Morris County, New Jersey (county subdivision:42510, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Madison Borough at a glance
- Median rent in Madison Borough
- Rent by bedrooms in Madison Borough
- Renters and owners in Madison Borough
- Income and affordability in Madison Borough
- Home values in Madison Borough
- Homeowner costs in Madison Borough
- Property taxes in Madison Borough
- Types of homes in Madison Borough
- Bedrooms in Madison Borough
- Age of homes in Madison Borough
- Vacancy rate in Madison Borough
- Heating fuel in Madison Borough
- Commute and cars in Madison Borough
- Crime reported to police in Madison Borough
- Population growth in Madison Borough
- How long people stay in Madison Borough
- Crowding and facilities in Madison Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by rent burden
- Housing data for every place in New Jersey