Madison is considered a Large Town with a population of 16,033 and 1,857 businesses. 14 in 2018 were added to the Madison Chamber of Commerce business directory which was less than 2017 which had 15.

The economy of Madison employs 10,309 people and has an unemployment rate of 4.7%. Some of the largest industries in Madison are Professional Services (112),Restaurants (60), and Locksmiths (55).