County profile
Madison County, VA
United States · GDP 2024
#2377 of 3,127 US counties by GDP69th-percentile growthmore diversified than 63% of counties
EA Place Score
——methodology in progress
GDP 2024 (USD)
$521.5M
BEA · 2024
GDP growth (YoY)
+6.1%
BEA · 2024
Jobs tracked
2,354
Census CBP · 2023
Employers
283
Census CBP · 2023
Avg. wage
$47.2k
BLS QCEW · 2023
Population
14,237
Census PEP · 2025
Labor, income & education
Unemployment
3.4%
Median HH income
$84.3k±$8.9k
Bachelor's degree+
27.0%±3.5%
Poverty rate
10.8%±2.7%
Business applications
163 · 2025
Retail establishments
36
25.3/10k 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 trade29%
Education17%
Construction15%
Food & accommodation14%
Health care12%
Manufacturing12%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
14,237
residents · 2025 · +2.7% since 2020
Income per capita $63.8k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+466
International migration+107
Natural change−195
GDP trend
2019–2024 · nominal
$356.4M2019
$376.5M2020
$412.4M2021
$435.6M2022
$491.6M2023
$521.5M2024
Real estate & risk
FHFA · ACS · FEMA
Median home value
$370.3k±$23.9k
Median gross rent
$1.2k/mo±$169/mo
Vacancy rate
10.7%±2.8%
Affordability
7.8× wages
Residential permits
$22.2M
48 units · 3.4/1k pop
FEMA risk score
8.4
HUD Fair Market Rent (2BR):$1.1k/mo · 2026
TOP PERILS · FEMA NRI
Hurricane 70Drought 58Avalanche 53
FHFA HOUSE PRICE INDEX · 2016–2025
1732016
1692017
1792018
1862019
1932020
2182021
2682022
2562023
2922024
3082025
RESIDENTIAL PERMITS · 2021–2025
↓ -37% since 2021762021
612022
532023
672024
482025
Transport access
BTS · FAA · USACE
Nearest interstate
43.2 km
I-81
Nearest freight rail
21.5 km
NS
Nearest port
88.3 km
POSSUM POINT VA VA ELEC&PWR CO
Nearest commercial airport
34.0 km
CHARLOTTESVILLE-ALBEMARLE
Wage trend
BLS QCEW · 2019–2023$47.2k
avg. annual pay · +28% 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 $521.5M in 2024, growing 6.1% year over year — faster than most 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.