County profile
Madison County, NC
United States · GDP 2024
#2235 of 3,127 US counties by GDPtop-decile growthmore diversified than 64% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$632.1M
BEA · 2024
GDP growth (YoY)
+10.2%
BEA · 2024
Jobs tracked
3,298
Census CBP · 2023
Employers
402
Census CBP · 2023
Avg. wage
$42.8k
BLS QCEW · 2023
Population
22,553
Census PEP · 2025
Labor, income & education
Unemployment
3.4%
Median HH income
$58.5k±$4.7k
Bachelor's degree+
32.2%±3.4%
Poverty rate
12.1%±2.3%
Business applications
308 · 2025
Retail establishments
49
21.8/10k pop
Public companies headquartered here
SEC EDGAR · FMPCompanySectorRevenueEA
No public companies loaded for this state yet — universe expands with the full ingest.
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
Retail trade23%
Health care21%
Manufacturing17%
Food & accommodation15%
Construction14%
Education10%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
22,553
residents · 2025 · +5.9% since 2020
Income per capita $50.9k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,724
International migration+64
Natural change−523
GDP trend
2019–2024 · nominal
$431.7M2019
$429.4M2020
$473.8M2021
$517.6M2022
$573.4M2023
$632.1M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$284.6k±$22.5k
Median gross rent
$780/mo±$64/mo
Vacancy rate
26.5%±2.6%
Affordability
6.6× wages
Residential permits
$33.8M
117 units · 5.2/1k pop
FEMA risk score
27.4
HUD Fair Market Rent (2BR):$1.8k/mo · 2026
TOP PERILS · FEMA NRI
Landslide 96Lightning 70Ice storm 63
FHFA HOUSE PRICE INDEX · 2016–2025
1592016
1702017
1782018
1922019
1962020
2232021
2632022
2912023
3052024
2892025
RESIDENTIAL PERMITS · 2021–2025
↓ -26% since 20211592021
1382022
2832023
1552024
1172025
Transport access
BTS · FAA · USACE
Nearest interstate
14.3 km
I-26
Nearest freight rail
4.0 km
NS
Nearest port
102.7 km
BURKHART ENTERPRISES, KNOXVILLE DOCK
Nearest commercial airport
49.1 km
ASHEVILLE RGNL
Wage trend
BLS QCEW · 2019–2023$42.8k
avg. annual pay · +22% since 2019
Similar US counties
nearest by GDPNearby & same-state counties
by GDP rankThe read
What is the GDP of Madison?
Madison's economy produced $632.1M in 2024, growing 10.2% year over year — faster than 91% of US counties. Its largest employment sector is retail trade.
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.