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CITY

Madison

Indiana · 12,304 residents (2025 est.) · 8.64 sq mi
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The short version

Madison has notably lower household income than the US average, with a median household income of $61,183. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $203,100. With a median age of 44.4, the population is older than the US median of 38.9.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 44.4
US median: 38.9
Less educated
24% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
12,223
+2%since 2000
from 12,004 in 2000
1990 – 2025
Population density
1,415 / sq mi
+2%since 2000
from 1,389 / sq mi in 2000
US average: 281
Median age
44.4
+12%since 2000
from 39.8 in 2000
US average: 38.9

PEP 2025 EST:12,304 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
12K12K12K12K13K1990201020202024Madison
202412K
1990201020202024
Section 02

Income & economy

Median household income
$61,183
−4%inflation adjusted, since 2000
from $35,092 in 2000
US average: $82,259
1990 – 2024
Per capita income
$33,509
+77%since 2000
from $18,923 in 2000
US average: $44,673
Households earning $100K+
38.6%
+17.8 ptssince 2009
from 20.9% in 2009
US average: 53.3%
Poverty rate
14.9%
+2.6 ptssince 2000
from 12.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.454
+7%since 2010
from 0.423 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade21%
US avg: 9.9%
Information16.2%
US avg: 10.8%
Other services7.7%
US avg: 6.7%
Finance & insurance5.6%
US avg: 5.9%
Wholesale trade4.1%
US avg: 6.9%
Professional, scientific, technical3%
US avg: 5.1%
Education & health services2.6%
US avg: 0.9%
Public administration2.4%
US avg: 4.8%
Arts, entertainment, food1.5%
US avg: 1.9%
Agriculture, forestry, fishing1.1%
US avg: 1.6%
Construction1.1%
US avg: 1.2%
Transportation & warehousing0.9%
US avg: 2.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$203,100
+24%inflation adjusted, since 2000
from $89,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$820
+15%inflation adjusted, since 2000
from $392 in 2000
US average: $1,442
Owner-occupied
62.1%
−1.2 ptssince 2000
from 63.3% in 2000
37.9% rent
Vacancy rate
13.8%
−1.2 ptssince 2009
from 15.0% in 2009
US average: 10.0%
Owner cost-burdened
18.2%
−2.8 ptssince 2009
from 21.0% in 2009
US average: 22.9%
Renter cost-burdened
32.3%
−9.9 ptssince 2009
from 42.3% in 2009
US average: 47.4%
Afford Score
3.3
+30%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
51
RELATED:See current rent listings in Madison on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic94%(11,278)
Black2.4%(287)
Hispanic / Latino1.4%(163)
Asian0.8%(99)
Other0%
Diversity Score11.2%(1,348)
2024
White, non-Hispanic89.6%(10,956)
Black2.2%(266)
Hispanic / Latino2%(247)
Asian1.3%(156)
Other4.9%(598)
Diversity Score24.1%(2,951)
Diversity Score
24
+115%since 2000
from 11 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
23.8%
+2.2 ptssince 2000
from 21.6% in 2000
US average: 35.6%
High school or higher
90.0%
+7.9 ptssince 2000
from 82.0% in 2000
US average: 89.6%
Graduate degree
11.5%
+3.3 ptssince 2000
from 8.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
19.4 min
+41%since 2000
from 13.8 min in 2000
US average: 26.5
Drive alone to work
82.6%
−0.8 ptssince 2009
from 83.4% in 2009
US average: 68.9%
Carpooled to work
8.0%
−0.4 ptssince 2009
from 8.4% in 2009
US average: 8.5%
Public transit
0.0%
−0.8 ptssince 2009
from 0.8% in 2009
US average: 3.2%
Worked from home
7.3%
+4.0 ptssince 2009
from 3.3% in 2009
US average: 15.0%
Walked to work
1.6%
−2.1 ptssince 2009
from 3.7% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
3.8%
−3.6 ptssince 2009
from 7.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.2%
−5.0 ptssince 2011
from 10.2% in 2011
US average: 5.2%
Labor force participation
57.1%
−0.3 ptssince 2011
from 57.4% in 2011
US average: 63.5%
Self-employed
13.6%
−5.0 ptssince 2009
from 18.6% in 2009
US average: 13.1%
Management & professional
41.6%
−18.3 ptssince 2009
from 60.0% in 2009
US average: 42.5%
Section 08

People & community

Male
43.9%
−1.0 ptssince 2009
from 44.9% in 2009
Female
56.1%
+1.0 ptssince 2009
from 55.1% in 2009
Foreign born
1.4%
−0.7 ptssince 2009
from 2.2% in 2009
US average: 14.1%
Veterans
4.1%
−40.8 ptssince 2009
from 44.9% in 2009
US average: 6.2%
With a disability
21.2%
+5.4 ptssince 2012
from 15.8% in 2012
US average: 13.3%
Uninsured
7.6%
−78.1 ptssince 2013
from 85.7% in 2013
US average: 8.4%
Broadband at home
90.9%
+18.1 ptssince 2017
from 72.8% in 2017
US average: 91.0%
English only at home
97.3%
−0.6 ptssince 2016
from 97.8% in 2016
US average: 77.7%
Spanish at home
1.2%
+0.5 ptssince 2016
from 0.7% in 2016
US average: 13.6%
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Compare Madison to nearby cities

MADISON VS
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Income$88,464+45%
Home value$283,200+39%
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MADISON VS
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Home value$208,300+3%
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MADISON VS
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MADISON VS
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Home value$231,500+14%
Population10,305−16%
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Frequently asked

How many people live in Madison, Indiana?

Madison, Indiana has about 12,223 residents according to the 2024 American Community Survey.

What is the median household income in Madison, Indiana?

The typical household in Madison, Indiana earns about $61,183 a year. Half of households make more than that, and half make less.

Is Madison, Indiana expensive?

In Madison, Indiana, the median home is worth about $203,100, and the typical rent is about $820 a month.

How educated are people in Madison, Indiana?

About 23.8% of adults age 25 and over in Madison, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Madison, Indiana?

About 14.9% of people in Madison, Indiana live below the federal poverty line.

Has Madison, Indiana grown since 1990?

Yes, Madison, Indiana has grown since 1990. The population has added about 217 residents, a change of about 2 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →