What is the median household income in Madison Township (Morgan County), IN?
The median household income in Madison Township (Morgan County), IN is $96,058 (±$9,885) a year (2020–2024 American Community Survey).
In Madison Township (Morgan County), the median household income went from $83,631 in 2015–2019 to $96,058 in 2020–2024 (+14.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $96,058 (±$9,885)
- Median renter income
- $45,600 (±$10,548)
Income in Madison Township (Morgan County) against Morgan County, its state and the nation
| Madison Township (Morgan County) | Morgan County | Indiana | United States | |
|---|---|---|---|---|
| Median household income | $96,058 (±$9,885) | $79,429 (±$3,469) | $71,957 (±$352) | $80,734 |
| Median renter household income | $45,600 (±$10,548) | $42,086 (±$4,472) | $42,811 (±$480) | $52,966 |
| Median owner household income | $101,032 (±$10,923) | $93,246 (±$3,866) | $87,459 (±$395) | $100,009 |
| Median gross rent | — | $1,042 (±$60) | $1,062 (±$5) | $1,413 |
In Madison Township (Morgan County), median household income is higher than in Morgan County ($79,429).
It is also higher than in Indiana ($71,957).
It is higher than the national figure ($80,734).
In Morgan County, Madison Township (Morgan County) ranks 4 of 20 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 225 of 1,568.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $83,631 (±$13,232) | $96,058 (±$9,885) | +14.9% | No measurable change after inflation |
| Median home value | $174,300 (±$16,148) | $269,400 (±$43,333) | +54.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Madison Township (Morgan County)
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Madison Township (Morgan County) | — | $96,058 (±$9,885) | — |
| Harrison Township (Morgan County) | 3.8 mi | $74,735 (±$62,861) | Not measurably different |
| Mooresville | 3.9 mi | $68,983 (±$7,159) | Lower |
| Brown Township (Morgan County) | 4.2 mi | $70,421 (±$7,626) | Lower |
| Brooklyn | 4.8 mi | $58,176 (±$6,109) | Lower |
| White River Township (Johnson County) | 5.6 mi | $105,130 (±$6,590) | Not measurably different |
| Bargersville | 5.9 mi | $114,231 (±$24,047) | Not measurably different |
| Decatur Township | 6.5 mi | $70,206 (±$5,586) | Lower |
| Clay Township (Morgan County) | 7.2 mi | $81,944 (±$11,328) | Not measurably different |
Nearby places with a measurably lower figure: Mooresville, IN ($68,983), Brown Township (Morgan County), IN ($70,421), Brooklyn, IN ($58,176).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Morgan County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Green Township (Morgan County) | $116,474 (±$14,154) |
| 2 | Jefferson Township (Morgan County) | $101,587 (±$11,912) |
| 3 | Monroe Township (Morgan County) | $101,573 (±$28,902) |
| 4 | Madison Township (Morgan County) | $96,058 (±$9,885) |
| 5 | Monrovia | $92,344 (±$19,047) |
| 6 | Ashland Township | $88,750 (±$41,598) |
| 7 | Ray Township (Morgan County) | $87,292 (±$6,186) |
| 8 | Clay Township (Morgan County) | $81,944 (±$11,328) |
| 9 | Harrison Township (Morgan County) | $74,735 (±$62,861) |
| 10 (tie) | Paragon | $73,750 (±$34,735) |
Showing 10 of 20 places in Morgan County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Madison Township (Morgan County)
What is the median household income in Madison Township (Morgan County)?
The median household income in Madison Township (Morgan County) is $96,058 (±$9,885) a year (2020–2024 American Community Survey).
Have incomes in Madison Township (Morgan County) kept up with inflation?
In Madison Township (Morgan County), the median household income went from $83,631 in 2015–2019 to $96,058 in 2020–2024 (+14.9%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Madison Township (Morgan County)?
The median renting household in Madison Township (Morgan County), IN earns $45,600 (±$10,548) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Madison township, Morgan County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Madison township, Morgan County, Indiana (county subdivision:46044, in state:18 county:109).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Home values in Madison Township (Morgan County)
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- Property taxes in Madison Township (Morgan County)
- Types of homes in Madison Township (Morgan County)
- Bedrooms in Madison Township (Morgan County)
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- Commute and cars in Madison Township (Morgan County)
- Population growth in Madison Township (Morgan County)
- How long people stay in Madison Township (Morgan County)
- Crowding and facilities in Madison Township (Morgan County)
- Fair Market Rent in Madison Township (Morgan County)
- Indiana landlord and tenant rules
- Housing across Morgan County
- Indiana places ranked by median household income
- Housing data for every place in Indiana