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Madison is considered a Small Town with a population of 1,417 and 406 businesses. 2 in 2018 were added to the Madison Chamber of Commerce business directory which was more than 2017 which had 0.

The economy of Madison employs 765 people and has an unemployment rate of 3.7%. Some of the largest industries in Madison are Professional Services (58),Pumpkin Patches (22), and Beans Peas Lentils Dried (17).

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