Madrid, IA

Full City Profile · Iowa · Polk County County

4.2 /5.0
A Great
2,803 Population 2,298/sq mi density
$86,915 Median Income $37,322 per capita
$185,100 Home Value $284,228 Zillow
$1,034 Median Rent 20.8% income on rent
49°F Avg Temperature
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.7 / 5.0
$86,915 median income, 0.8% unemployment
A+
Affordability
5.0 / 5.0
$185,100 home value, $1,034/mo rent
C+
Education
2.8 / 5.0
22.6% bachelor's degree or higher

Madrid, IA

At a Glance

Median Income
$86,915
16% above
$37,322 per capita
Home Value
$185,100
34% below
Zillow: $284,228
Median Rent
$1,034/mo
11% below
20.8% of income on rent
Bachelor's Degree+
22.6%
33% below
89.6% high school+
Unemployment
0.8%
78% below
4.1% poverty rate
Obesity Rate
41.3%
29% above
13.2% smoking rate
Avg Temperature
49°F

How Madrid Compares to the U.S. Average

Each bar shows Madrid's value as a percentage of the national average (100% = U.S. avg)

Income
116%
Home Value
66%
Rent
89%
Poverty
33%
Bachelor's
67%
Unemployment
22%
Thin vertical line = U.S. national average (100%)

Is Madrid a Good Place to Live?

A
4.2 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Madrid residents earn a median household income of $86,915 , which is 16% above the national average of $75,149. Per capita income is $37,322. The unemployment rate stands at 0.8% (78% below the U.S. rate of 3.6%). 4.1% of residents live below the poverty line. The area is home to 20,581 business establishments, including 1,227 restaurants.

Housing & Cost of Living

The median home value in Madrid is $185,100 , 34% below the national median of $281,900. Zillow estimates the typical home at $284,228. Median rent is $1,034/month, with 20.8% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1962.

Education

22.6% of adults in Madrid hold a bachelor's degree or higher (33% below the national average). 89.6% have completed high school. Local schools score 5.7/10 in standardized testing.

Climate & Weather

Madrid has an average annual temperature of 49°F (9°C). Winters average 20°F in January while summers reach 73°F in July. Annual precipitation totals 35.9 inches. Air quality is rated Good with a median AQI of 45.

Data Overview

People

Population2,803
Median Age40.1 yrs
Density2,298/mi²
Male / Female50% / 50%
Foreign Born0.0%
Veterans6.1%

Economy

A+
Median Income$86,915
Per Capita$37,322
Unemployment0.8%
Poverty4.1%
County GDP$63,823M
Avg Weekly Wage$1,395

Housing

A+
Home Value$185,100
Rent$1,034
Ownership82.0%
Zillow$284,228
Housing Units1,259
Rent Burden20.8%

Health

Obesity41.3%
Diabetes8.3%
Smoking13.2%
Heart Disease4.7%
Premature Death7,653/100K

Climate

Avg Temp49°F
Rain35.9 in/yr
AQI45 (Good)
Elevation1,018 ft

Education

C+
Bachelor's+22.6%
High School+89.6%
Graduate+4.3%
School Score5.7/10

Community

2024 VoteR 44% / D 55%
Commute26 min
Broadband90.7%
Internet Speed130 Mbps
EV Stations1
Libraries19

Did You Know?

Madrid was founded in 1846.
The median home in Madrid was built in 1962.
The nearest airport is Des Moines International (27 miles).
The Gini coefficient (income inequality) is 0.433 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
10.7% of the population has a disability.
Average internet download speed is 130 Mbps.
There are 1,227 restaurants in the area.
The county recorded 33 fatal vehicle crashes.
91 declared natural disasters on record.