Madrid, NY Profile: Facts & Data

The Madrid CDP⁽¹⁾ had a population of 784 as of July 1, 2024. Madrid ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Madrid is located at latitude 44.7503 and longitude -75.131 in St. Lawrence County. The formal boundaries for the Madrid Census Designated Place encompass a land area of 3.73 sq. miles and a water area of 0.13 sq. miles. St. Lawrence County is in the Eastern time zone (GMT -5).

The Madrid Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Madrid, NY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	784 (100%)
Population in Households	768 (98.0%)
Population in Families	640 (81.6%)
Population in Group Quarters¹	16 ( 2.0%)
Population Density	210
Diversity Index²	17


INCOME
Median Household Income	$59,830
Average Household Income	$78,431
% of Income for Mortgage⁴	15%
Per Capita Income	$30,846
Wealth Index⁵	61
Socioeconomic Status Index⁶	Low (41.9)

HOUSING
Total HU (Housing Units)	333 (100%)
Owner Occupied HU	240 (72.1%)
Renter Occupied HU	68 (20.4%)
Vacant Housing Units	25 ( 7.5%)
Median Home Value	$140,152
Average Home Value	$171,875
Housing Affordability Index³	145

HOUSEHOLDS
Total Households	308
Average Household Size	2.49
Family Households	212
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Madrid, NY - Peer Comparisons by Rank and Percentile

The table below compares Madrid to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.50%	0.23%
Households	1.84%	0.83%
Families		0.65%
Median Household Income		3.54%
Per Capita Income		4.08%
Owner Occupied HU		2.46%

Variable Description	Rank	Percentile
Total Population	# 921	29th
Population Density	# 1193	8th
Median Household Income	# 1028	21st
Housing Affordability Index	# 1100	85th
Per Capita Income	# 1135	12th
Diversity Index	# 1080	16th

Madrid, NY Profile: Facts & Data

Madrid, New York - Basic Facts

Madrid, NY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Madrid, NY - Peer Comparisons by Rank and Percentile

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