Madrid is located close to the center of Iowa. Madrid is between the Boone, Dallas, Polk county. Madrid has 1.19 square miles of land area and has no water area. As of 2010-2014, the total Madrid population is 2,548, which has grown 12.54% since 2000. The population growth rate is much higher than the state average rate of 5.19% and is higher than the national average rate of 11.61%. Madrid median household income is $54,386 in 2010-2014 and has grown by 36.97% since 2000. The income growth rate is higher than the state average rate of 33.56% and is higher than the national average rate of 27.36%. Madrid median house value is $106,600 in 2010-2014 and has grown by 48.47% since 2000. The house value growth rate is lower than the state average rate of 53.09% and is about the same as 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 Madrid is much better than the state average in quality. The Madrid area code is 515.