Income & Economy in Madison city, FL (32340)
Median Income
$43,393
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+467
Wealth inflow
Population
10,424
Unemployment
3.5%
0.2pp below US avg
IRS migration statistics show a net inflow of about 467 for ZIP 32340 (Madison city, FL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 32340 (2020–Present)
Since 2020, population declined 5.7%, median income rose 26.8% (inflation-adjusted), home values decreased 9.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $43,393 |
| Unemployment | 3.5% |
| Establishments | 247 |
| Employees | 2,533 |