Madison, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Madison, Indiana had a total population of 12,223, the 73rd largest city in Indiana, with a median household income of $61,183, which is 15% lower than the state average. The poverty rate is 14.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Madison Quick Facts
How Madison Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 12,277 | 12,223 | -0.4% |
| Median household income | $57,050 | $61,183 | +7.2% |
| Median home value | $186,600 | $203,100 | +8.8% |
How Madison Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Madison Rankings in Indiana
Explore Indiana Rankings
Other Cities in Jefferson County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Hanover | 3,554 | $53,929 | 13.1% | $138,700 |
| Dupont | 279 | $64,338 | 9.0% | $116,700 |
| Canaan | 120 | N/A | 0.0% | N/A |
| Brooksburg | 111 | $39,167 | 14.3% | $179,200 |
| Deputy | 37 | N/A | 18.9% | N/A |
Cities Similar to Madison
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Greensburg | 12,229 | $62,655 | $191,400 | 19.8% | 13.8% |
| Martinsville | 11,933 | $60,177 | $163,400 | 12.6% | 12.9% |
| Lake Station | 13,185 | $59,591 | $137,400 | 7.4% | 15.4% |
| Washington | 12,367 | $50,331 | $152,200 | 16.8% | 18.2% |
| Speedway | 13,968 | $60,147 | $228,600 | 34.3% | 17.5% |
Population Overview
Madison is a small city located in Indiana, within Jefferson County. The total population is 12,223. It ranks as the 73rd most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Madison is 44.4 years. This is 17% higher than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Madison is $61,183. This is 15% lower than the state median of $71,957. It is also 24% lower than the national median of $80,734. The poverty rate stands at 14.9%. This is 21% higher than the state poverty rate of 12.3%. The unemployment rate is 5.2%. This is 21% higher than the state rate of 4.3%. The median home value is $203,100. Housing costs are 7% lower than the state median of $218,200. The home-value-to-income ratio is 3.3x. 62.1% of occupied housing units are owner-occupied. This homeownership rate is 12% lower than the state average of 70.5%.
Race & Ethnicity
Madison has a predominantly White (non-Hispanic) population, comprising 89.6% of all residents. Black or African American residents account for 2.2%. The Black or African American population (2.2%) is well below the state average of 9.1%. The Hispanic or Latino population (2.0%) is well below the state average of 8.6%. The Asian population (1.3%) is well below the state average of 2.6%.
Education
23.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 19% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.0%.
Data Sources & Methodology
All demographic data for Madison, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Madison, Indiana?
Madison, Indiana has a population of 12,223 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Madison, IN?
The median household income in Madison is $61,183, which is 24% lower than the national median of $80,734.
What is the poverty rate in Madison, IN?
The poverty rate in Madison is 14.9%. This means approximately 1,686 residents live below the federal poverty line.
What is the racial makeup of Madison, Indiana?
Madison's population is 89.6% White, 2.2% Black, 2.0% Hispanic/Latino, and 1.3% Asian.
What is the median home value in Madison, IN?
The median home value in Madison is $203,100. The home-value-to-income ratio is 3.3x.
How educated is Madison, Indiana?
23.8% of adults (25+) in Madison hold a bachelor's degree or higher, and 11.5% hold a graduate or professional degree.