Madison, IN Profile: Facts & Data

Madison, Indiana - Basic Facts

The City of Madison had a population of 12,272 as of July 1, 2024.

The primary coordinate point for Madison is located at latitude 38.7359 and longitude -85.38 in Jefferson County. The formal boundaries for the City of Madison encompass a land area of 8.57 sq. miles and a water area of 0.27 sq. miles. Jefferson County is in the Eastern time zone (GMT -5).

The City of Madison has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Madison is located within Township of Madison, a minor civil division (MCD) of Jefferson County.

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Madison, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	12,272 (100%)
Population in Households	11,001 (89.6%)
Population in Families	8,233 (67.1%)
Population in Group Quarters¹	1,271 (10.4%)
Population Density	1,420
Diversity Index²	24


INCOME
Median Household Income	$54,566
Average Household Income	$78,386
% of Income for Mortgage⁴	23%
Per Capita Income	$33,326
Wealth Index⁵	65
Socioeconomic Status Index⁶	Moderate (45.2)

HOUSING
Total HU (Housing Units)	5,772 (100%)
Owner Occupied HU	3,416 (59.2%)
Renter Occupied HU	1,788 (31.0%)
Vacant Housing Units	568 ( 9.8%)
Median Home Value	$196,947
Average Home Value	$208,299
Housing Affordability Index³	112

HOUSEHOLDS
Total Households	5,204
Average Household Size	2.11
Family Households	2,946
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

5,772 (100%)

Owner Occupied HU

3,416 (59.2%)

Renter Occupied HU

1,788 (31.0%)

Vacant Housing Units

568 ( 9.8%)

Median Home Value

$196,947

Average Home Value

$208,299

Housing Affordability Index³

112

HOUSEHOLDS

Total Households

5,204

Average Household Size

2.11

Family Households

2,946

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.16%	-0.26%
Households	-0.02%	-0.05%
Families		-0.33%
Median Household Income		3.03%
Per Capita Income		3.39%
Owner Occupied HU		0.25%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.16%

-0.26%

Households

-0.02%

-0.05%

Families

-0.33%

Median Household Income

3.03%

Per Capita Income

3.39%

Owner Occupied HU

0.25%

Madison, IN - Peer Comparisons by Rank and Percentile

The table below compares Madison to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 72	93rd
Population Density	# 294	70th
Median Household Income	# 805	18th
Housing Affordability Index	# 364	37th
Per Capita Income	# 577	41st
Diversity Index	# 285	71st

Variable Description

Rank

Percentile

Total Population

# 72

93rd

Population Density

# 294

70th

Median Household Income

# 805

18th

Housing Affordability Index

# 364

37th

Per Capita Income

# 577

41st

Diversity Index

# 285

71st

Indiana Census Data Comparison Tool

Madison, IN Profile: Facts & Data

Madison, Indiana - Basic Facts

Madison, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Madison, IN - Peer Comparisons by Rank and Percentile

Madison, IN - Most Popular Things to Do

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Jefferson County