Madison is located in north New Jersey. Madison is part of Morris County. Madison has 4.21 square miles of land area and 0.01 square miles of water area. As of 2010-2014, the total Madison population is 16,043, which has shrunk 2.95% since 2000. The population growth rate is much lower than the state average rate of 5.47% and is much lower than the national average rate of 11.61%. Madison median household income is $109,737 in 2010-2014 and has grown by 32.46% since 2000. The income growth rate is higher than the state average rate of 30.67% and is higher than the national average rate of 27.36%. Madison median house value is $645,700 in 2010-2014 and has grown by 78.17% since 2000. The house value growth rate is lower than the state average rate of 87.30% and is much higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Madison is much better than the state average in quality. The Madison area codes are 862, 973.