Madrid, IA Profile: Facts & Data

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Madrid, Iowa - Basic Facts

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The City of Madrid had a population of 2,771 as of July 1, 2018. Madrid ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Madrid is located at latitude 41.8756 and longitude -93.8201 in Boone County. The formal boundaries for the City of Madrid (see map below) encompass a land area of 1.19 sq. miles and a water area of 0 sq. miles. Boone County is in the Central time zone (GMT -6). The elevation is 1,020 feet.

The City of Madrid (GNIS ID: 2395812) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Madrid is located within Township of Douglas, a minor civil division (MCD) of Boone County.

Beneath the boundary map are tables with Madrid population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2018.


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Madrid, IA Data & Demographics (As of July 1, 2018)

POPULATION

Total Population 2,771
Population in Households 2,681
Population in Familes 2,151
Population in Group Qrtrs 90
Population Density1 2,331
Diversity Index2 7
 

INCOME

Median Household Income $55,038
Average Household Income $64,460
Per Capita Income $26,816

HOUSING

Total Housing Units 1,247 (100%)
Owner Occupied HU 848 (68.0%)
Renter Occupied HU 297 (23.8%)
Vacant Housing Units 102 ( 8.2%)
Median Home Value $122,261
Average Home Value $130,372
 

HOUSEHOLDS

Total Households 1,145
Average Household Size 2.34
Family Households 753
Average Family Size 3
NOTES
  1. Population Density = Total Population per square mile.
  2. 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 race 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.

GROWTH RATE / YEAR

2010-2017 2017-2022
Population 1.05% 0.87%
Households 1.11% 0.86%
Families 1.21% 0.78%
Median Household Income   1.92%
Per Capita Income   2.29%

Madrid, IA - Peer Comparisons by Rank and Percentile

The table below compares Madrid to the other 1,009 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2018 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.

Variable Description Rank Percentile
Total Population # 124 88th
Population Density # 15 99th
Diversity Index # 746 26th
Median Household Income # 520 49th
Per Capita Income # 679 33rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Iowa Census Data Comparison Tool.

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