Madison, IN
Population 12,277 · Indiana
About Madison, IN
Madison is a mid-sized city in Indiana with a population of 12,277 residents. The median household income is $57,050 per year, which is near the national average. The median age in Madison is 45 years.
Housing in Madison has a median home value of $186,600 and median monthly rent of $827. Of the 5,661 total housing units, the majority are owner-occupied, with 2,905 owner-occupied and 2,074 renter-occupied units.
The unemployment rate in Madison is 4.5% and the poverty rate is 14.7%. 20.8% of residents hold a bachelor's degree or higher. The average commute time is 20.4 minutes.
Cost of Living in Madison, IN
Compared to national averages, Madison has a median household income of $57,050 (24% below the national median of $75,149). Home values average $186,600, which is 24% below the national median. Monthly rent at $827 is 29% below the US average of $1,163. Within Indiana, Madison's income is 18% below the state average of $69,330, and home values are 14% above the state median of $163,409.
Why Live in Madison, IN?
Madison offers affordable housing with a median home value of $186,600, below the US average of $244,900, and rent that’s lower than the national average at $827/month, and short commute times averaging just 20.4 minutes.
Potential considerations include median household income ($57,050) that falls below the national average. However, Madison’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Madison has a population of 12,277 with a median age of 45 years. Compare Madison with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Madison
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Washington | 12,192 | $50,000 | $130,700 | Compare |
| Martinsville | 11,913 | $56,186 | $140,400 | Compare |
| Yorktown | 11,617 | $81,765 | $182,000 | Compare |
| Greensburg | 11,585 | $63,235 | $181,000 | Compare |
| Lake Station | 13,109 | $56,306 | $124,800 | Compare |
| Connersville | 13,241 | $45,679 | $96,300 | Compare |
| Whitestown | 11,276 | $118,884 | $343,900 | Compare |
| Auburn | 13,464 | $62,339 | $172,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Madison
What is the population of Madison, IN?
The population of Madison, IN is 12,277 according to the latest Census data.
What is the median household income in Madison?
The median household income in Madison, IN is $57,050 per year.
What is the median home value in Madison?
The median home value in Madison, IN is $186,600.
What is the average rent in Madison?
The median monthly rent in Madison, IN is $827.
What is the unemployment rate in Madison?
The unemployment rate in Madison, IN is 4.5%.