Madison city, WI

ZIP 53703 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Madison city, WI (53703)

Median Income

$46,618

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+2,185

Wealth inflow

Population

37,467

Unemployment

4.1%

0.4pp above US avg

IRS migration statistics show a net inflow of about 2,185 for ZIP 53703 (Madison city, WI) 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.

Economic Indicators

Unemployment

4.1%+10% vs US avg

Self-Employed

0.8%-87% vs US avg

SNAP Benefits

8.3%-29% vs US avg

1,286

Establishments

27,487

Employees

~21 per establishment — mix of small and larger employers

Education

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.5%
Construction1.5%
Manufacturing6.6%
Wholesale trade1.9%
Retail trade7.1%
Transportation, utilities1.3%
Information4.1%
Finance, insurance, real estate5.0%
Professional, scientific, management18.1%
Education, health care, social34.8%
Arts, entertainment, food services12.0%
Other services3.1%
Public administration4.1%

Household Income

Historical Trends in 53703 (2020–Present)

Since 2020, population grew 4.6%, median income fell 6.1% (inflation-adjusted), home values increased 14.9%.

Median Income

$46,618

-38% vs US avg

Unemployment Rate