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Madison, Indiana

city · Jefferson County

At a glance

12,223
Population
$203,100
Median home value (all homes)
33% below U.S. median
$245,167
Typical market value
Zillow, 2026-07
$820/mo
Median rent
39% below U.S. median
$61,183
Median household income
22% below U.S. median
19.4 min
Average commute
90.9%
Homes with broadband
87.87%
Locations with fiber available
5.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 91 — 9% below the national average. how it's computed

Housing15% below
Goods & services4% below
Utilities0% above
Taxes4% below
Insurance31% below
Commute cost30% below
For business: Indiana is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Nearest 4-year college5 mi
Nearest community college33 mi
Nearest technical college0 mi
High school graduates90%
College graduates23.8%

Doing business here

Economic development contacts, most local first:

region South Central Indiana Economic Dev Group
South Central Indiana Economic Development is your partner for making well-informed business location choices, offering expertise in incentives, real estate, taxes, and data collection.
state Central Indiana Corporate Partnership
Bringing together the leaders of industry, higher education and philanthropy to advance our region. CICP sponsors five key talent and industry sector initiatives, AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana and TechPoint, each addressing challenges and opportunities in Indiana's economy.
state Duke Energy
Duke Energy is a leading energy company focused on electric power and gas distribution operations. Its electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio, while its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky, and the company emphasizes charitable giving and employee volunteerism.
state Hoosier Energy Economic Development
Hoosier Energy has a dedicated Economic Development team committed to building relationships with businesses and organizations who are looking to expand. Our team has intimate knowledge of the communities we serve and can help your organization find the solutions you need. We’re committed to bringing affordable, reliable and sustainable energy to the businesses we serve.
state Indiana Economic Dev Corp
Indiana Economic Development Corporation is Indiana's state economic development agency that provides resources for business expansion, relocation, and workforce development.
state Indiana Economic Development Association
The Indiana Economic Development Association (IEDA) is the unified voice for economic development across Indiana, serving a diverse network of professionals—from economic developers to utilities, attorneys, financial leaders, and higher education partners—dedicated to attracting and retaining jobs and creating pathways to prosperity for every person in Indiana.
state Indiana Municipal Power Ag Eco Dev
Indiana Municipal Power Agency (IMPA) is a not-for-profit utility that provides low-cost, reliable electricity to member communities in Indiana and supports economic development through incentives, training opportunities, and services for businesses locating in member communities.
state North Central Indiana Eco Dev District
A six-county regional economic development partnership in North Central Indiana offering regional resources, an economic dashboard, and information on business climate, employers, workforce and education, the region, life here, and sites and buildings. It connects Cass, Clinton, Fulton, Howard, Miami, and Tipton counties.
state Northeast Indiana Regional Partnership
Founded in 2006, NEI is a public-private regional economic development organization proudly serving 11 member counties: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells, and Whitley in Northeast Indiana.
state Northeast Indiana Regional Partnership
Founded in 2006, NEI is a public-private regional economic development organization proudly serving our 11 member counties: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells, and Whitley.
state Purdue Research Parks
Purdue Research Park is a collection of locations in Indiana offering collaborative workspaces near Purdue University to support technology-based startups and established companies. The park emphasizes collaboration, access to talent, and proximity to Purdue to foster innovation.
state Wabash Valley Power Association Eco Dev
A cooperative organization that exists to provide affordable and reliable electricity to its 21 member distribution cooperatives; it also offers services for economic development, including staff who help identify shovel-ready sites and connect businesses with resources.
State sales taxYes
State income taxYes
Right-to-work stateYes

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