What is the population of Madison city?

Madison city has 12,277 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #70 of 976 in Indiana.

What is the median household income in Madison city?

Median household income in Madison city is $57,050 a year, 27.4% below the national figure of $78,538.

How much does it cost to rent or buy in Madison city?

Median gross rent is $827 a month and the median home value is $186,600, so rent absorbs about 17.4% of median household income.

Is Madison city affordable compared with the rest of the US?

Homes cost about 3.3× the local median income here versus roughly 3.9× nationally, so Madison city is more affordable to buy in than the typical US market, and rent takes 17.4% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 45990

Madison, IN population, income and ZIP codes

Quick answer

The population of the city of Madison, Indiana (Madison, IN — Census place “Madison city”) is 12,277 residents, ranking #70 of 976 places in Indiana. Median household income is $57,050, the median home is worth $186,600 and median gross rent runs $827 a month. Looking for the Madison Indiana ZIP code list? 1 ZIP codes serve Madison, IN: 47250.

Population: 12,277Madison city residents
Median household income: $57,050Past 12 months, inflation adjusted
Median home value: $186,600Owner-occupied units
Median gross rent: $827Rent plus utilities, monthly
Median age: 45 yrsAll residents
Homeownership rate: 58.3%Owner-occupied households

Madison ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Madison.

The Madison IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

47250

What the numbers mean in Madison city

Housing cost measured against local earnings.

A household earning the Madison city median would spend about 17.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.7% of residents and 58.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Madison city, IN in context

How this area compares with national benchmarks.

Madison city is a mid-size town in Indiana, with 12,277 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #70 of 976 ranked by population — larger than 92% of them. The median age here is 45 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Madison city earn a median of $57,050 a year, 27.4% below the national figure of $78,538 and 7% below the $61,527 median for the 355 Indiana cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 14.7% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Madison city is valued at $186,600, 38.5% below the national figure and 28% above the $145,600 peer median, while median gross rent runs $827 a month, 41.2% below the national figure, or roughly $9,924 across a full year. A household on the local median income would put about 17.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 58.3% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

More Indiana coverage.

Frequently asked questions

Common questions about this area.

What is the population of Madison city?: Madison city has 12,277 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #70 of 976 in Indiana.
What is the median household income in Madison city?: Median household income in Madison city is $57,050 a year, 27.4% below the national figure of $78,538.
How much does it cost to rent or buy in Madison city?: Median gross rent is $827 a month and the median home value is $186,600, so rent absorbs about 17.4% of median household income.
Is Madison city affordable compared with the rest of the US?: Homes cost about 3.3× the local median income here versus roughly 3.9× nationally, so Madison city is more affordable to buy in than the typical US market, and rent takes 17.4% of median income against the 30% cost-burden line.
How current is this Madison city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.