Personal loans in Madison, NJ

Madison by the numbers

Here is the sourced Census picture for Madison, plus the New Jersey lending rules that apply to a loan taken out here.

• Population: 16,432 residents; Madison is the 58th-largest of 323 places in New Jersey (US Census Bureau, Vintage 2023).
• Population trend: Down about 3.0% from the 2020 Census base to the 2023 estimate.
• Change in people: the 2020-to-2023 comparison is a loss of about 511 residents.
• Size percentile: roughly 82% of New Jersey's places have fewer residents than Madison's 16,432.
• Density: the Census land area of 4.3 sq mi holds about 3,811 people per square mile.
• By land area: Madison ranks 68th among New Jersey's 323 places, at 4.3 sq mi.
• Water: Madison holds about 0.01 square miles, the 251st-largest water area in New Jersey.
• Within New Jersey: about 0.4% of the state's population lives in Madison.
• National standing: Madison ranks 2,218th of 19,457 US places.
• Growth in New Jersey: Madison stands 313th by percentage change from 2020 to 2023, among 323 places.
• Against the state trend: Madison's 3.0% change compares with a New Jersey average of +0.3% across its 323 places.
• Density in New Jersey: Madison ranks 142nd by people per square mile.
• Against the state median: Madison runs about 3,811 residents per square mile, where the New Jersey median is 3,448.
• Location: latitude 40.7580, longitude -74.4178 (Census Gazetteer).
• Nearest larger cities: Summit (4 mi); Morristown (4 mi); Westfield (8 mi); North Plainfield (10 mi); Plainfield (10 mi). Lenders licensed in the state serve Madison whether or not they keep a local branch.
• Smaller communities within reach: Florham Park (2 mi); Chatham (2 mi); New Providence (4 mi).
• Within a 50-mile radius: 311 smaller Census places.
• Within 100 miles: 110 places are larger than Madison.

How Madison compares across New Jersey

Madison is the 58th-largest of 323 Census places in New Jersey and contains about 0.4% of the state's people. Its 2020-to-2023 change ranks 313th of 323 New Jersey places, putting it near the 3th percentile for growth. By density, at about 3,811 people per square mile, it ranks 142nd in New Jersey. Between 2020 and 2023 the count changed by roughly 511 residents.

What a Madison borrower is actually offered

Madison is a small town of about 16,432 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Federal Truth in Lending rules require a Madison lender to disclose the APR and finance charge before you sign. A longer term lowers the monthly payment on a Madison loan but raises total interest, so the smallest payment is not the cheapest loan.

How lenders reach Madison

With about 3,811 residents per square mile, Madison is fairly dense, and 72 larger Census places sit within 50 miles. Lenders licensed in New Jersey reach Madison's 16,432 residents online, so the nearest branch is not what sets your APR. The nearest bigger place is Summit, NJ about 4 miles away.

Land, water and location for Madison

The Census Gazetteer records 4.3 square miles of land and 0.01 square miles of water within Madison. With 16,432 residents, the land area yields roughly 3,811 people per square mile. The state's population centre of gravity, Newark, is roughly 13 miles away. Counting outward 50 miles, 72 larger communities surround Madison. By land area it ranks 68th of 323 New Jersey places.

New Jersey consumer-lending rules applied in Madison

These are New Jersey's sourced lending facts as they reach Madison's 16,432 residents; the state has no city-level rate rule.