Median Household Income
$61,183 ± $4,680
Median Home Value
$203,100 ± $18,809
Median Gross Rent
$820 ± $68/mo
Per Capita Income
$33,509
Poverty Rate
14.9%
Unemployment Rate
5.2%
Homeownership Rate
62.1%
Bachelor's Degree or Higher
23.8%
Median Age
44.4
Average Commute
18 min
Households
4,924
Veterans
415
Population Over Time
Madison grew 1.6% from 2014 to 2024.
2014
12,033
2016
12,045
2018
11,890
2020
11,783
2022
12,301
2024
12,223
Population by Race & Ethnicity
White
90.7%
Hispanic or Latino
2.0%
Black or African American
2.2%
Asian
1.3%
Nearby Cities in Indiana
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.