Madison, FL · standard

ZIP Code 32340

Madison County, Florida - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

11,808
20/sq mi
$40,972
Median income
$132,900
Median home value
14.0%
Bachelor's or higher

The verdict

Madison pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.

6th pct
household income, US ZIPs
21th pct
home value, US ZIPs
20
people per sq mi
65%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 32340 against every reporting US ZIP.

ZIP code 32340 is classified by USPS as a standard delivery area and covers roughly 605.5 square miles in Madison, Madison County, Florida. The area is home to 11,808 residents, producing a population density of 20 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 32340 against Florida and the nation.

On the economic side, the median household income for ZIP 32340 sits at $40,972 (47% below the Florida average), while per-capita income is $22,747. The poverty rate stands at 20.9% and the unemployment rate at 5.4%. On housing, the median home value is $132,900 (65% below the state average) with median rent at $904 per month, and 65.3% of occupied units are owner-occupied, a direct signal of whether 32340 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 14.0% of adults hold a bachelor's degree or higher, the median age is 45.3, and the average commute is . We also surface 1 nearby ZIP codes within roughly 10 miles and 3 additional ZIPs sharing Madison County, so you can benchmark 32340 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 32340

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 32340.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 32340, Madison, FL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

11,808

Population

605.5

Area (sq mi)

20

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 32340?

45.3

Median Age

55.3%

Male

44.7%

Female

2.6%

Foreign-Born

White 51.1%
African American 41.1%
Asian 0.2%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 5.7%
Hispanic or Latino 3.8%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$40,972

Median Household Income

-47% vs state

$22,747

Per Capita Income

20.9%

Poverty Rate

5.4%

Unemployment Rate

How ZIP 32340 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$40,972 6th percentile higher than 6% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). This entry sits in this band. $60,000–$80,000: 9,980 US ZIPs (33%). Above this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 49.2%
Bachelor's Degree or Higher 14.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

4,584

Total Housing Units

3,816

Occupied Units

768

Vacant Units

2.27

Avg Household Size

Occupancy Type

Owner 65.3%
Renter 34.7%

$132,900

Median Home Value

-65% vs state

$904

Median Rent

1986

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 247 business establishments in ZIP 32340, employing approximately 2,533 people with a combined annual payroll of $96,730,000.

247

Businesses

2,533

Employees

$96.7M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Retail trade 48 19.4%
Health care and social assistance 41 16.6%
Accommodation and food services 25 10.1%
Other services (except public administration) 25 10.1%
Construction 19 7.7%
Finance and insurance 15 6.1%
Transportation and warehousing 12 4.9%
Professional, scientific, and technical services 11 4.5%
Wholesale trade 9 3.6%
Real estate and rental and leasing 9 3.6%
Manufacturing 8 3.2%
Information 6 2.4%
Administrative and support and waste management and remediation services 6 2.4%
Agriculture, forestry, fishing and hunting 4 1.6%
Utilities 4 1.6%
Educational services 3 1.2%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 32340 vs 32350 →

ZIP Code City Population Distance
32350 Pinetta, FL 1,417 10.9 mi

More ZIP Codes in Madison County

Frequently Asked Questions

What county is ZIP code 32340 in?
ZIP code 32340 (Madison) is located in Madison County, Florida. Madison County contains multiple ZIP codes, see the full list at /counties/madison-fl.
What is the population of ZIP code 32340?
ZIP code 32340 in Madison, FL has a population of 11,808 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 32340?
The median household income in ZIP 32340 is $40,972, which is 46% below the national average of $76,288.
What is the average home value in ZIP 32340?
The median home value in ZIP 32340 is $132,900, which is 52% below the national average of $278,155.
What is the demographic makeup of ZIP 32340?
The largest racial group in ZIP 32340 is White at 51.1%. Hispanic or Latino residents make up 3.8% of the population.
How many businesses are in ZIP code 32340?
ZIP code 32340 has 247 business establishments employing approximately 2,533 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 32340?
The top industries by establishment count in ZIP 32340 are: Retail trade (48), Health care and social assistance (41), Accommodation and food services (25). There are 16 industry sectors represented in total.
What is the education level in ZIP code 32340?
In ZIP code 32340, 49.2% of residents aged 25+ have a high school diploma or higher, and 14.0% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 32340?
In ZIP code 32340, approximately 65.3% of occupied housing units are owner-occupied and 34.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 32340?
The poverty rate in ZIP code 32340 is 20.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Madison, FL

Verify and explore additional data for this area using these official government sources.