Madison is a small city in Alabama with a population of nearly 51,000 residents. It’s located within the Huntsville Metropolitan Area and was first incorporated as a town in 1869. During the mid-1900s, the city grew significantly due to NASA’s operations in Huntsville, which drew a large number of residents who were looking for cheaper homes near the NASA compounds.
Most of Madison’s economic activity is concentrated in retail, accommodation services, and food service businesses, and the city is considered to be a hub for those who work in Huntsville and other nearby communities. The major employer in the city is Intergraph, a software company, along with the Madison City School System, which serves roughly 10,000 students every year.
The city is home to nearly 19,000 households, and the median income in Madison is approximately $92,000. Its workforce consists of around 24,000 people, with the most common occupations being management, administrative, and computer sciences.
For anyone living in Madison, personal loans could be a potentially convenient option for those looking to borrow funds. These loans are commonly approved faster than traditional credit lines, and the application process is easier and requires less paperwork.