Income & Economy in Madison city, IN (47250)
Median Income
$56,667
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,058
Wealth inflow
Population
23,013
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 1,058 for ZIP 47250 (Madison city, IN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 47250 (2020–Present)
Since 2020, population grew 4.1%, median income fell 2.7% (inflation-adjusted), home values increased 8.8%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $56,667 |
| Unemployment | 3.3% |
| Establishments | 573 |
| Employees | 10,068 |