Madison County, Indiana Income Statistics
Madison County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
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D
Madison County Well below averageLess wealthy than 82% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Madison County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,494 | $71,967 | $80,455 |
| Median Personal Income | $51,030 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.5% | 4.8% |
| Six-Figure Earners | 6.8% | 10.2% | 13.9% |
| $200k+ Households | 4.9% | 8.2% | 13.2% |
The median household income in Madison County is about 12% lower than in Indiana. Income has been growing slower in Madison County (4.5%/yr) than in Indiana (4.5%/yr).
About 7% of adults in Madison County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Madison County, Indiana grew by 47.0% from 2009 to 2024, reaching $63,494 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Madison County
| Metric | Madison County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.534 | 0.552 |
| Male Median Income | $59,616 | $65,086 | $69,667 |
| Female Median Income | $48,096 | $51,220 | $56,850 |
| Gender Pay Gap | 19.3% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Madison County, it is 0.522, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Madison County, Indiana. Over a 35-year career, a 24% wage gap accumulates to roughly $403,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Madison County, Indiana has narrowed from about 24% to 19% in 2024. In dollar terms, the gap has widened by $1,668 since 2009.
Employment
| Metric | Madison County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 4.3% | 5.2% |
| Working from Home | 10.4% | 10.7% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 3,820 people are unemployed in Madison County, Indiana.
The average commute time in Madison County is 22 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Madison County, Indiana has fallen from 10.8% to 5.9% in 2024. Over that period the rate peaked at 11.7% in 2013 and fell as low as 5.4% in 2020.
Madison County, IN Wealth Compared With Nearby Counties
Madison County, IN is the 2nd largest of the 6 counties compared here, 131,900 residents against a local median of 84,037. Where Madison County, IN breaks from the counties next to it is unemployment, sitting 114% above the local median of 2.8% at 5.9%. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $63,494 against a local median of $76,091, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Madison County, IN reads weaker than its neighbours on all of them. The counties themselves spread 4.0% on unemployment, so Madison County, IN sits at one end of an already wide local range rather than apart from it. Madison County, IN has the 5th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Madison County, IN | 131,900 | $63,494 #4/6 | 4.5%/yr #2/6 | 5.9% #5/6 | 0.522 #4/6 |
| Delaware County, IN | 112,280 | $57,596 | 4.8%/yr | 5.8% | 0.545 |
| Hancock County, IN | 84,037 | $95,052 | 4.4%/yr | 2.7% | 0.496 |
| Hamilton County, IN | 365,056 | $121,444 | 4.1%/yr | 2.8% | 0.517 |
| Grant County, IN | 66,295 | $53,252 | 3.6%/yr | 6.3% | 0.534 |
| Tipton County, IN | 15,346 | $76,091 | 4.4%/yr | 2.3% | 0.504 |
Conclusion
Considering all these factors, Madison County, Indiana has an overall wealth index grade of D, making it about on par with Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Madison County, Indiana.
How Rich Is Madison County, Indiana?
Madison County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $63,494, about 12% lower than the Indiana average of $71,967.
How has median household income changed in Madison County, Indiana?
Between 2009 and 2024, the median household income in Madison County, Indiana rose 47%, from $43,188 to $63,494. Over the same years, income here lagged behind Indiana as a whole: +47% against +52%.
What was the median household income in Madison County in 2023?
In 2023, the median household income in Madison County, Indiana was $63,005, up 5% from $60,065 in 2022. The Indiana median that year was $70,115.
What was the median household income in Madison County in 2020?
In 2020, the median household income in Madison County, Indiana was $51,437. By 2024 it had risen 23% to $63,494.
Is unemployment high in Madison County, Indiana?
Unemployment in Madison County, Indiana is 5.9%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Madison County, Indiana?
The Gini coefficient in Madison County is 0.522. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Madison County, Indiana?
Since 2009, the income gap between men and women in Madison County, Indiana has narrowed from about 24% to 19% in 2024. In dollar terms, the gap has widened by $1,668 since 2009.
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