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Economic Atlas
Places/AL/Madison
County profile

Madison

United States · GDP 2024
#153 of 3,127 US counties by GDP71st-percentile growthmore diversified than 60% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$39.0B
GDP growth
+6.3%
Jobs tracked
191,024
Employers
9,295
Avg. wage
$74.5k
Population
433,516
Labor & formation
Unemployment
2.9%
Median HH income
$86.5k±$1.5k
Business applications
6,207 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1ADTRAN Holdings Inc.Technology$1.1B64C2Applied Aerospace & Defense, Inc.Industrials$604.3M——3Lakeland Industries, Inc.Consumer Cyclical$192.6M42D4Serina Therapeutics, Inc.Healthcare$130.0k41D

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Professional services32%
Health care20%
Retail trade15%
Manufacturing14%
Food & accommodation13%
Admin & support6%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
433,516
residents · 2025 · +11.0% since 2020
Income per capita $69.0k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+33,903
International migration+6,325
Natural change+2,533

GDP trend

2019–2024 · nominal
$26.9B
2019
$27.9B
2020
$29.9B
2021
$33.0B
2022
$36.7B
2023
$39.0B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$299.2k±$5.5k
Median gross rent
$1.2k/mo±$22/mo
Vacancy rate
7.6%±0.6%
Affordability
4.0× wages
Residential permits
4,070 (9.4/1k pop)
FEMA risk score
94.6
HUD Fair Market Rent (2BR):$1.3k/mo · 2026
TOP PERILS · FEMA NRI
Tornado 98Strong wind 97Lightning 97
FHFA HOUSE PRICE INDEX · 2016–2025
402
2016
414
2017
433
2018
461
2019
495
2020
573
2021
688
2022
721
2023
748
2024
757
2025

Transport access

BTS · FAA · USACE
Nearest interstate
0.8 km
I-565
Nearest freight rail
1.5 km
NS
Nearest port
23.1 km
NASA, MARSHALL SPACE FLIGHT CENTER DOCK
Nearest commercial airport
24.9 km
HUNTSVILLE INTL-CARL T JONES FLD
Filing activity
SEC EDGAR

15 filings from 3 companies here in the last 90 days.

8-KADTRAN Holdings Inc.06-26
8-KSerina Therapeutics, Inc.06-24
8-KLakeland Industries, Inc.06-18
10-QLakeland Industries, Inc.06-09
8-KLakeland Industries, Inc.06-09
8-KADTRAN Holdings Inc.05-18
8-KSerina Therapeutics, Inc.05-14
10-QSerina Therapeutics, Inc.05-14
DEF 14ALakeland Industries, Inc.05-07
8-KADTRAN Holdings Inc.05-05
Wage trend
BLS QCEW · 2019–2023
$74.5k
avg. annual pay · +20% since 2019
Similar US counties
nearest by GDP
Williamson$38.8BBoulder$39.3BSonoma$39.4BMonterey$38.3BHillsborough$38.1BLancaster$40.0B
The read

Madison's economy produced $39.0B in 2024, growing 6.3% year over year — faster than most US counties. Its largest employment sector is professional services.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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