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The total population of Madison is estimated to be 12,301 with 5,362 males (43.59%) and 6,939 females (56.41%). There are 1,577 more females than males in Madison.
The median household income in Madison was $51,227 in 2021, which marked an an increase of 4,125(8.76%) from $47,102 in 2020. This income is 68.66% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Madison sees its highest median household income among householders in the age group of 25 to 44 years old, at $61,086. Overall, the median household income for the city of Madison stands at $51,227.
In Madison, the median income for all workers aged 15 years and older, regardless of work hours, was $41,169 for males and $23,010 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,942 for males and $29,702 for females.
In Madison, there are just three different racial groups among households. Among these, Some Other Race households report a median household income of $60,667, followed by White households at $51,095, and Asian households with a median household income of $36,795.
In 2022, the population of Madison was 12,211, a 0.88% decrease year-by-year from 2021. Previously, in 2021, Madison's population was 12,319, a decline of 0.17% compared to a population of 12,340 in 2020.
The median age in Madison, IN is 43.9, as per 2021 ACS 5-Year Estimates. Of the total population, 13.61% were under the age of 15, 18.89% aged 15 to 29, 49.13% aged 30 to 64, 15.96% aged 65 to 84, and 2.40% were 85 years of age and older.
Racial distribution of Madison population: 90.12% are White, 3.93% are Black or African American, 0.15% are American Indian and Alaska Native, 1.24% are Asian, 2.22% are some other race and 2.35% are multiracial.