HomeMississippiMadison County
Madison County, Mississippi: commercial real estate data.
Madison County, Mississippi had an estimated 114,247 residents on July 1, 2024, up 4.7 percent since the 2020 census base of 109,130, across 715 square miles. County output reached $9.94 bn in 2024, 3,489 establishments operate here, and the SBA record carries 171 7(a) approvals worth $66.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Madison County
How many people live in Madison County
- Population, American Community Survey 2020-2024111,647
- Households43,917
- Average household size2.54
- Median household income$83,441
- Median age39.1
- Median gross rent$1,186 per month
- Median owner-occupied home value$311,100
- Home value to household income3.7 times
- Annual rent as a share of median income17.1 percent
- Adults 25 and over with a bachelor degree or higher49.6 percent
- Adults 25 and over with a graduate degree21.0 percent
- Adults 25 and over75,293
- Population under 1827,113
- Share under 1824.3 percent
- Population 65 and over17,042
- Share 65 and over15.3 percent
- Working age population, 18 to 6467,492
- Civilian labor force56,790
- Unemployment rate3.7 percent
- Labor force participation, adults 18 and over67.2 percent
- Rank by population among Mississippi counties6th of 82
- Rank by population among US county-equivalents, Puerto Rico included565th of 3,222
Madison County is the 6th largest of 82 Mississippi counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 24.3 percent against 15.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Madison County
Is Madison County's population growing?
- Population, July 1, 2024114,247
- Census 2020 base population109,130
- Population change since the 2020 census base4.69 percent
- Population change, 2023 to 20241,179
- Births, 20241,316
- Deaths, 20241,067
- Natural change, 2024249
- Net domestic migration, 2024288
- Net international migration, 2024642
- Total net migration, 2024930
- Cumulative net domestic migration, 2021 to 20242,532
- Rank by growth among US county-equivalents580th of 3,144
The county has grown 4.69 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Madison County
Where are people moving to Madison County from?
- Tax returns filed by households arriving3,458
- People arriving, from those returns6,515
- Tax returns filed by households leaving3,075
- Net household movement383
- Adjusted gross income arriving$363.6 m
- Net adjusted gross income movement$118.3 m
- Average income of an arriving household$105,149
- Average income of a leaving household$79,788
- Largest single originHinds County (1,136 households)
- Largest single destinationHinds County (675 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hinds County | 1,136 | 2,164 | $106.6 m |
| Rankin County | 526 | 1,019 | $42.2 m |
| Yazoo County | 77 | 141 | $4.7 m |
| Shelby County | 43 | 75 | $4.3 m |
| Holmes County | 42 | 89 | $1.9 m |
| Warren County | 41 | 86 | $2.9 m |
| Lafayette County | 38 | 64 | $2.6 m |
| Oktibbeha County | 38 | 68 | $2.7 m |
Households arriving report $25,361 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Hinds County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Madison County
What is the Madison County economy?
- County GDP, 2024$9.94 bn
- County GDP, 2023$9.30 bn
- GDP change, 2023 to 20247.0 percent
- GDP change over five years48.4 percent
- Rank by GDP among the Mississippi areas BEA publishes5th of 82
- Rank by GDP among the US county areas BEA publishes441st of 3,127
- GDP per resident$89,054
Output grew 7.0 percent in the latest year and 48.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Madison County
Employment by industry in Madison County
- Covered employment, annual average60,205
- Establishments reporting3,987
- Average annual pay$55,426
- Average weekly wage$1,066
- Manufacturing, employment7,838
- Manufacturing, average annual pay$69,396
- Retail trade, employment7,609
- Retail trade, average annual pay$35,835
- Accommodation and food services, employment6,935
- Accommodation and food services, average annual pay$22,690
- Health care and social assistance, employment6,755
- Health care and social assistance, average annual pay$47,460
- Transportation and warehousing, employment5,329
- Professional, scientific and technical services, employment3,506
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 7,838 | 78 | $69,396 |
| Retail trade | 7,609 | 549 | $35,835 |
| Accommodation and food services | 6,935 | 368 | $22,690 |
| Health care and social assistance | 6,755 | 433 | $47,460 |
| Transportation and warehousing | 5,329 | 100 | $48,355 |
| Professional, scientific and technical services | 3,506 | 554 | $89,022 |
| Administrative and support and waste management services | 3,122 | 232 | $41,253 |
| Finance and insurance | 3,094 | 359 | $109,028 |
Manufacturing is the largest private sector at 7,838 jobs, 13.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Madison County
How many businesses are in Madison County?
- Establishments, all industries3,489
- Employment at those establishments55,061
- Annual payroll$3.01 bn
- Establishments per 1,000 residents31.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Madison County
Building permits in Madison County
- Housing units authorized by permit, 2024552
- Declared construction value permitted$176.0 m
- Single family units authorized552
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$318,791
- Units authorized per 1,000 households12.6
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Madison County
SBA loans in Madison County (7(a) and 504)
- 7(a) approvals recorded171
- 7(a) gross approval dollars$66.6 m
- Average 7(a) approval$389,486
- Median 7(a) approval$192,000
- 10th percentile approval$46,100
- 90th percentile approval$945,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,294
- Jobs per approval13.4
- Distinct 7(a) lenders active39
- Distinct industries receiving approvals84
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.8 percent
- Loans on real estate terms15
- Loans on working capital terms, 120 months or shorter136
- Franchise loans38
- Franchise share of approvals22.2 percent
- Leading industry by approval countFull-Service Restaurants (12)
- Most active lenderCommunity Bank of Mississippi (41)
- 504 approvals recorded12
- 504 gross approval dollars$16.5 m
- Average 504 approval$1,373,417
- Median 504 approval$777,500
- Distinct CDCs active2
- 504 jobs per approval16.2
- 504 jobs per million dollars approved11.8
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$83.1 m
The average approval of $389,486 sits well above the median of $192,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 8.8 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA loan default and charge-off rates in Madison County
Do SBA loans in Madison County get paid back?
- Loans with a final outcome recorded47
- Paid in full43
- Charged off4
- Charge-off rate on resolved loans8.5 percent
- Status: Paid in full43
- Status: Exempt from disclosure90
- Status: Cancelled29
- Status: Charged off4
- Status: Committed, not yet disbursed5
Of the 47 loans that have reached a final outcome, 8.5 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
SBA lending by place in Madison County
- Borrower cities with recorded lending6
- Ridgeland, approvals77
- Madison, approvals65
- Canton, approvals19
- Gluckstadt, approvals5
- Flora, approvals4
- Pearl, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Ridgeland | 77 | $34,587,600 |
| Madison | 65 | $20,351,100 |
| Canton | 19 | $9,503,400 |
| Gluckstadt | 5 | $897,400 |
| Flora | 4 | $1,112,600 |
| Pearl | 1 | $150,000 |
Ridgeland accounts for 77 approvals against 65 in Madison. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Madison County
How large is Madison County?
- Land area715 sq mi
- Rank by land area among Mississippi counties15th of 82
- Width, east to west42 mi
- Height, north to south33.5 mi
- Geographies sharing a boundary6
- Residents per square mile of land156
- Establishments per square mile4.88
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Madison County
Flood risk in Madison County
- Participation of the county's own NFIP community Madison County, unincorporated areasParticipating, community 280228
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP8
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 8
- Communities carrying a CRS class4
- Radon levels in Madison County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Madison County (community 280228), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Madison County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 8, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Madison County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Madison County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024111,647
- Households43,917
- Average household size2.54
- Median household income$83,441
- Median age39.1
Common questions
Madison County questions, answered from the record.
How many people live in Madison County, Mississippi?
The Census Bureau estimates 114,247 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 111,647, in 43,917 households, ranking 6th of 82 Mississippi counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Madison County's population growing?
The population has grown 4.69 percent since the 2020 census base of 109,130, to 114,247 on July 1, 2024. In 2024 there were 1,316 births against 1,067 deaths, with net migration of 930. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Madison County?
$83,441. The median owner-occupied home is valued at $311,100, which is 3.7 times income, and median gross rent is $1,186 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Madison County?
3,489 establishments, employing 55,061 people with an annual payroll of $3.01 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Madison County?
Manufacturing is the largest private sector at 7,838 jobs, 13.0 percent of covered employment. Covered employment averages 60,205 jobs at an average annual pay of $55,426, or $1,066 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Madison County?
171 7(a) approvals totaling $66.6 m since FY2020, across 39 lenders, with a median approval of $192,000, plus 12 504 approvals worth $16.5 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Madison County get paid back?
Of the 47 loans that have reached a final outcome, 43 were paid in full and 4 charged off, a charge-off rate of 8.5 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Madison County?
552 housing units were authorized by permit in 2024, with a declared construction value of $176.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Madison County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Madison County come from?
The largest single origin is Hinds County, with 1,136 households. Arriving households report an average income of $105,149 against $79,788 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Madison County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Madison County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Madison County
Cities and places in Madison.
6 Census places lie wholly or partly in Madison County. All 6 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Madison | city | 27,946 | 65 | Wholly in this county |
| Ridgeland | city | 24,587 | 77 | Wholly in this county |
| Canton | city | 10,811 | 19 | Wholly in this county |
| Gluckstadt | city | 3,236 | 5 | Wholly in this county |
| Flora | town | 2,331 | 4 | Wholly in this county |
| Kearney Park | CDP | 485 | None recorded | Wholly in this county |
A further 1 of the county's 171 SBA 7(a) approvals are to borrowers in cities that match no Census place in Madison County, the largest being Pearl (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.