Madison County, Indiana

Income Data

-9% vs. Indiana average
$62,632
Median Household Income
$33,425
Per Capita Income

At a Glance

Median Household Income
$62,632
-9% vs. state avg
Per Capita Income
$33,425
-15% vs. national
Income-to-Housing Ratio
42.4%
income as % of home value
Rank in Indiana
#65 / 92
by median household income

How Madison County Compares

Madison County$62,632
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$62,632
Median Household Income
$33,425
Per Capita Income
$147,700
Median Home Value
42.4%
Income-to-Housing Ratio

Data Story

About Household Income in Madison County, Indiana

Madison County trails national income standard

Madison County's median household income of $62,632 falls 16.2% below the national median of $74,755, indicating below-average earning power. Per capita income of $33,425 similarly lags US benchmarks, reflecting limited wealth across the county.

Below Indiana average, among lowest ranked

Madison County's median household income of $62,632 runs 8.9% below Indiana's state average of $68,681, placing it among the lower-earning counties statewide. This significant gap reflects economic challenges that constrain household finances.

Second-lowest income in regional group

Madison County's $62,632 income trails LaGrange County ($83,741) by 25% and falls below Kosciusko County ($73,922) by 15%. Only Knox County ($58,863) earns less in this regional comparison, indicating Madison faces real income headwinds.

Housing pressure on Madison County budgets

Madison County's rent-to-income ratio of 17.7% ranks among the highest in this analysis, with housing costs claiming a substantial share of household income. A median home value of $147,700 reflects affordability constraints tied to lower local incomes.

Protect and grow Madison County wealth

With household incomes 16% below the national average and housing costs consuming more income share, Madison County residents should prioritize emergency funds before investing. Once stable, even modest monthly contributions to retirement and education savings can build security over time.

Frequently Asked Questions

What is the median household income in Madison County, Indiana?
The median household income in Madison County, Indiana is $62,632, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Madison County?
The per capita income in Madison County is $33,425, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $62,632.
How does Madison County compare to the Indiana average?
Madison County's median household income of $62,632 is lower than the Indiana state average of $68,681. The per capita income is $33,425, compared to the state average of $34,773.
What is the per capita income in Madison County, Indiana?
The per capita income in Madison County, Indiana is $33,425, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Is Madison County a low-income area in Indiana?
Madison County's median household income of $62,632 is below the Indiana average of $68,681. The per capita income of $33,425 is also lower than the state average of $34,773. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Madison County rank for income in Indiana?
Madison County ranks #65 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $62,632 and per capita income of $33,425, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Madison County

$
1.00x

Your income is above the Madison County median

County median: $62,632 per year

vs. County Median

+0%

vs. State Average

-9%

vs. National Median

-16%

vs. Madison County MedianAbout equal
vs. Indiana Average9% below
vs. National Median16% below

Income Adequacy

Monthly income covers median rent5.6x

Your monthly income ($5,219) vs. median rent ($926/mo). A ratio of 3.3x or higher means rent is under 30% of income.

Sponsored

Grow Your Wealth

See how your income stacks up in Madison County, Indiana? Start investing smarter with a robo-advisor that builds a diversified portfolio for you.

Start Investing

Counties with Similar Income Levels

Sponsored

Compare Financial Products in Indiana

Compare savings accounts, CDs, and money market rates from top banks to make the most of your earnings.

Compare Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.