Madison, Dubois County, Indiana Population and Demographics (2024)

In this article, we'll explore the population statistics for Madison, Indiana, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Population

There is a lot of data that lets us see how many people live in Madison, Indiana. The most basic data is the total population, which is the total number of people living in Madison, Indiana. The estimated population of Madison, Indiana is 2,869 people, with a median age of 35.

We can look at the total population in Madison over the last 5 years to see how much it has changed.

Population of Madison, Indiana by Race and Ethnicity

We can also look at how the population has changed over the last 5 years by each of the race/ethnicity types as defined by the US Census Bureau.

This data can be very important for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of Madison, Indiana by Age and Gender

The age and gender of a population is another interesting demographic statistic because it lets us track trends in the population over time. For example, we can see how the population has changed over the last 5 years by median age as a total, and also by male and female.

The median age of Madison, Indiana gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population, which can be a sign of a declining population in terms of birth rates and workforce participation.

The latest median household income of Madison, Indiana is $84,291.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less. The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for Madison.

• Under 25

  $0.00

• 25 to 44

  $96,346.00

• 45 to 64

  $0.00

• 65 and over

  $69,250.00

Average Household Income

Whenever we ask what is the average household income in Madison, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in Madison, and then dividing that number by the total number of households. This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of Madison, Indiana is currently $93,970.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

7.52% of households in Madison are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of Madison against other areas.

• Less than $24,999

  6.36%

• $25,000 to $49,999

  23.72%

• $50,000 to $74,999

  17.55%

• $75,000 to $99,999

  9.40%

• $100,000 to $149,999

  31.33%

• $150,000 to $199,999

  4.12%

• $200,000 or more

  See Also

  Madison, Morgan County, Indiana Population and DemographicsMadison County, Indiana Demographics and Housing 2020 Decennial CensusMadison County, IN population by year, race, & more

  7.52%

Per Capita Income

The per capita income in Madison is $37,678.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of Madison by the total population of Madison.

This is different from the average or mean income because it includes and accounts for all people in Madison, Indiana, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in Madison to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

• Master's degree or higher

  11.80%

• Bachelor's degree

  29.34%

• Some college or associate's degree

  5.49%

• High school diploma or equivalent

  50.90%

• Less than high school diploma

  2.46%

Employment

Employment rates are all based around the total population in Madison that are over the age of 16.

The total population of Madison over the age of 16 is 2,184.

Of those people, a total of 79.60% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in Madison is 78.80%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate.

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in Madison. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau.

Occupations

In this section we can look at the most common occupations in Madison as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in Madison is 1,722, with median earnings of $41,734.00.

Women in Madison, Indiana earning approximately 62.40% of the men's earnings.

Occupations by Category

In the table below, we can break down the population and earnings even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupations by Gender

The table below shows the same occupations from the list above, but we have split them by male and female to see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Households and Family Size

A household defined bu the US Census Bureau is a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 1,117 households in Madison, with an average household size of 2.57 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 734 families in Madison with an average family size of 3.29 people.

Households by Marital Status

The four categories of household by marital status are:

• Married-couple family
• Male householder with no spouse present
• Female household with no spouse present
• Nonfamily household

The table below shows the total number of households and families, with the average sizes of each.

Poverty

Of the 734 families in Madison, 10.20% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in Madison:

Housing

There are 1,207 housing units in Madison, Indiana.

The table below shows the split between occupied and vacant units:

4.97% of the total 1,207 housing units in Madison are rental units. This is approximately 60 properties.

For owner-occupied housing units, a total of 1,057 are occupied by the owner - or 87.57% of the total.

Rental Rates

The median rent for a property in Madison is $939.00.

In the chart below, we can look at the number of rental properties in Madison that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

• No rent paid

• Less than $500

• $500 to $999

  60

• $1,000 to $1,499

• $1,500 to $1,999

• $2,000 to $2,499

• $2,500 to $2,999

• $3,000 or more

Property Value

The median value of a property in Madison is $244,600.00.

Just like with rental rates, we can look at the number of properties in Madison that fall into a particular value range.

• Less than $50,000

  19

• $50,000 to $99,999

  17

• $100,000 to $149,999

  166

• $150,000 to $199,999

  116

• $200,000 to $299,999

  369

• $300,000 to $499,999

  316

• $500,000 to $999,999

  38

• $1,000,000 or more

  16

Property Age

We can also look at the age of properties in Madison. The chart below shows the number of properties in Madison that fall into a particular age range.

• 1939 or earlier

  75

• 1940 to 1949

• 1950 to 1959

  128

• 1960 to 1969

  122

• 1970 to 1979

  177

• 1980 to 1989

  145

• 1990 to 1999

  170

• 2000 to 2009

  257

• 2010 to 2013

  133

• 2014 or later

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in Madison that have a particular number of vehicles available.

• No vehicles available

  16

• 1 vehicle available

  134

• 2 vehicles available

  447

• 3 or more vehicles available

  520

Commuting to Work

In this section, we can also look at how people in Madison get to work. The chart below shows the number of people in Madison that commute to work in a particular way.

15.1 minutes is the average travel time to work for people in Madison.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

• Less than 5 minutes

  11

• 5 to 9 minutes

  292

• 10 to 14 minutes

  565

• 15 to 19 minutes

  429

• 20 to 24 minutes

  165

• 25 to 29 minutes

  57

• 30 to 34 minutes

  49

• 35 to 39 minutes

  18

• 40 to 44 minutes

• 45 to 59 minutes

  75

• 60 to 89 minutes

  15

• 90 or more minutes

Summary

We've covered a LOT of demographic and population data for Madison, Indiana in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.