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Madison city, Indiana Demographics & Population 2026

As of 2026, Madison city, Indiana has a total population of 12,277, the 70th largest city in Indiana, with a median household income of $57,050, which is 19% lower than the state average. The poverty rate is 14.7%.

Madison city Quick Facts

Population 12,277
Median Household Income $57,050
Median Home Value $186,600
Poverty Rate 14.7%
Unemployment Rate 4.5%
Median Age 45.0 years
Homeownership Rate 58.4%
Affordability Ratio 3.3x
Bachelor's Degree or Higher 20.8%
High School Graduation Rate 88.9%
Diversity Index 16/100
Population 12,277 70th of 967
Median Income $57,050 below average
Poverty Rate 14.7% 18% higher national
Median Home Value $186,600 top 30%

How Madison city Compares

Economy & Housing

Employment

4.5% Unemployment Rate State: 4.3% | National: 5.2%
54.6% Labor Force Participation

Housing Overview

Owner 58.4%
Renter 41.6%
Affordability Index Affordable
3.3x home value to income ratio

People & Demographics

Diversity Index

16out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 40 | National average: 60

Education

Madison city Rankings in Indiana

#70 Population of 967
#512 Median Income of 967
#300 Education of 967
#220 Home Value of 967

Explore Indiana Rankings

Cities by Population All cities ranked by size Richest Cities Ranked by median income Most Educated By bachelor's degree rate Most Affordable By housing affordability

Cities Similar to Madison city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Martinsville city11,913$56,186$140,40013.6%11.8%
Lake Station city13,109$56,306$124,8008.7%16.7%
Washington city12,192$50,000$130,70015.1%17.0%
Speedway town13,622$57,158$209,40034.4%15.4%
Greensburg city11,585$63,235$181,00019.1%13.3%

Population Overview

Madison city is a small city located in Indiana. The total population is 12,277. It ranks as the 70th most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Madison city is 45.0 years. This is 18% higher than the state median of 38.0 years.

Economy, Income & Housing

The median household income in Madison city is $57,050. This is 19% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 27% lower. The poverty rate stands at 14.7%. This is 20% higher than the state poverty rate of 12.2%. The unemployment rate is 4.5%. This is 4% higher than the state rate of 4.3%. The median home value is $186,600. Housing costs are 7% lower than the state median of $201,600. The home-value-to-income ratio is 3.3x. 58.4% of occupied housing units are owner-occupied. This homeownership rate is 17% lower than the state average of 70.3%.

Race & Ethnicity

Madison city has a predominantly White (non-Hispanic) population, comprising 91.3% of all residents. Hispanic or Latino residents account for 2.3%. The Black or African American population (2.2%) is well below the state average of 9.1%. The Hispanic or Latino population (2.3%) is well below the state average of 8.4%. The Asian population (1.1%) is well below the state average of 2.5%.

Education

20.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 28% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.9%.

Data Sources & Methodology

All demographic data for Madison city, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Madison city, Indiana?

Madison city, Indiana has a population of 12,277 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Madison city, IN?

The median household income in Madison city is $57,050, which is 27% lower the national median of $78,538.

What is the poverty rate in Madison city, IN?

The poverty rate in Madison city is 14.7%. This means approximately 1,674 residents live below the federal poverty line.

What is the racial makeup of Madison city, Indiana?

Madison city's population is 91.3% White, 2.2% Black, 2.3% Hispanic/Latino, and 1.1% Asian.

What is the median home value in Madison city, IN?

The median home value in Madison city is $186,600. The home-value-to-income ratio is 3.3x.

How educated is Madison city, Indiana?

20.8% of adults (25+) in Madison city hold a bachelor's degree or higher, and 8.3% hold a graduate or professional degree.