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Situation & Outlook Report

Madison, IN Micropolitan Statistical Area
(CBSA 31500)
Geographic-Demographic-Economic Characteristics -- access other areas
See about updates.

This section is no longer being updated. Access the permanent replacement section at http://proximityone.com/cbsa/1/cbsa31500.htm. Please bookmark this new URL.

Access 2018 S&O Reports, featuring county and metro projections to 2030, via the interactive table at http://proximityone.com/metros.htm. The 2018 reports are similar but have been greatly expanded and updated.

Contents of this Report
This document is organized into these sections:
1. Recent Trends & Outlook
2. Overview & Updates
3. Reference & Thematic Pattern Maps
3.1. Lay of the Land
3.2. Neighborhood Patterns of Economic Prosperity
4. Population Characteristics & Trends
4.1. Component City Characteristics
4.2. Component County Characteristics
4.2.1. RDEMS Component County Characteristics
4.3. General Demographic Characteristics
5. Housing Characteristics & Trends
5.1. Total Housing Units
5.2. General Housing Characteristics
5.3. Residential Construction; Housing Units Authorized & Value
5.4. Housing Price Index
6. Economic Characteristics & Trends
6.1. Economic Profile
6.2. Cost of Living Indexes
6.3. Cost of Doing Business Indexes
6.4. Consumer Price Index
6.5. Gross Domestic Product
6.6. Establishments, Employment & Earnings by Type of Business
6.7. Labor Market Characteristics & Trends
7. Education Infrastructure
7.1. Component School District Characteristics
7.2. Component Higher Education Institution Characteristics
8. GeoPolitics
  Terms of Use
  Related Resources
  Using this Document
  Updates
  About Metros & Principal Cities
  Glossary


1. Recent Trends & Outlook
Summary of recent business, demographic, economic trends; year-ahead & 5-year outlook.
- the Recent Trends & Outlook section, updated quarterly, covers topics about this metro such as .. assessing the implications of next jobs report .. impact of Fed''s interest rate action .. which sectors are expanding or contracting .. housing market conditions .. insights to help your planning and decision-making. The Recent Trends & Outlook section is available in the subscription edition.

2. Overview & Update
The total population of the Madison, IN MISA metro changed from 32,423 in 2010 to 32,529 in 2015, a change of -7 (0%). Among all 917 metros, this metro was ranked number 787 in 2010 and 791 in 2015, based on total population. Annual net migration was -66 (2011), 188 (2012), 5 (2013), 52 (2014), 52 (2015). View annual population estimates and components of change table. See more about population characteristics below.

This metro is projected to have a total population in 2020 of 34,129. The projected population change from 2010 to 2020 is 1,704 (5.3%). The population ages 65 years and over is projected to change from 4,894 (2010) to 7,074 (2020), a change of 2,180 (44.5%). See more about population projections.

Based on per capita personal income (PCPI), this metro was ranked number 561 in 2008 and 498 in 2014. among the 917 metros for which personal income was estimated.The PCPI changed from $31,210 in 2008 to $36,794 in 2014, a change of $5,584 (17.9%). Per capita personal income (PCPI) is a comprehensive measure of individual economic well-being. Use the interactive table to compare PCPI in this metro to other metros. See more about PCPI in Economic Characteristics section below.

Attributes of driil-down, small area geography within the metro ... metros account for 65,744 of the national scope 73,056 census tracts (others are in non-metro areas). This metro is comprised of 7 tracts covering the metro wall-to-wall. View, rank, compare demographic-economic attributes of these tracts using the interactive tables. Use the CBSA code 31500; see table usage details below the table.

3. Lay of the Land & Neighborhood Patterns of Economic Prosperity   go top

3.1. Lay of the Land go top
Lay of the Land. The following map shows the metro with bold boundary.
Counties are labeled with county name and state-county FIPS code.

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

3.2. Patterns of Economic Prosperity by Neighborhood go top

Median household income by census tract (see color/data legend at left of map).

 
  View developed with CV XE GIS software.   See this section to learn about making custom metro maps.

4. Population Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

4.1. Component City Characteristics go top
Principal Cities (about principal cities); Click link to view city profile.
  •   Madison

Cities 10,000 population and over; click link to view city profile.
  AreaCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-14
%Change
2010-14
  Madison, IN (1845990) 11,967 12,012 11,987 12,069 12,058 12,035 23 0.20

All places interactive tables General Demographics | Social | Economic | Housing
All places time series population estimates interactive table.

4.2. Component County Characteristics   go top
Updated periodically, annually. General demographics, social characteristics and extended detail Available in subscription edition.

Metropolitan areas are defined as one or more contiguous counties based on a set of demographic-economic criteria. Counties comprising the metro are shown below. For multi-county metros, this section provides insights into how the population is changing by county. Many metros changed geographic composition (counties included in the metro) between the Census 2010 vintage and the current vintage. These changes, if any, are also shown below (county is marked with **). See projections in related section.Click county code link to view county components of change.

  AreaJuly 1
2010
PctJuly 1
2011
PctJuly 1
2012
PctJuly 1
2013
PctJuly 1
2014
PctJuly 1
2015
Pct
Metro Summary ... more details 197,069 100.0 202,628 100.0 202,375 100.0 202,173 100.0 203,483 100.0 204,275 100.0
  Jefferson County (18077) 32,423 16.5 32,302 15.9 32,518 16.1 32,501 16.1 32,529 16.0 32,416 15.9

All counties interactive tables General Demographics | Social | Economic | Housing
All counties population estimates & components of change time series interactive table.

5. Housing Characteristics & Trends go top
Updated monthly, quarterly, annually. Housing market conditions and extended detail Available in subscription edition.

5.1. Total Housing Units
Updated Annually. Independent annual model-based estimates. For more information, detail & to compare areas use interactive table.
  ItemCensus
2010
July 1
2010
July 1
2011
July 1
2012
July 1
2013
July 1
2014
Change
2010-2014
%Change
2010-2014
  Total Housing Units 14,311 14,314 14,310 14,315 14,325 14,320 6 0.04

6. Economic Characteristics & Trends go top

6.1. Economic Profile go top
The Economic Profile shows shows derivation and key components of total personal income. Data are organized by place of residence and place of work. The place of residence profile includes estimates of total personal income, population, and per capita personal income. The place of work profile includes estimates of total earnings, total employment and average earnings per job. Updated annually. See related interactive table.

  Item20112012201320142015Change
2011-2015
%Change
2011-2015
Personal income 1,102,674 1,151,825 1,151,248 1,189,781 1,249,185 146,511 13.3
  Net earnings 1/ 666,168 693,259 691,372 705,163 737,256 71,088 10.7
  Personal current transfer receipts 276,194 293,410 291,330 306,021 327,295 51,101 18.5
    Income maintenance 2/ 25,058 24,982 25,291 24,899 24,515 -543 -2.2
    Unemployment insurance compensation 10,283 6,967 4,304 2,027 1,661 -8,622 -83.8
    Retirement and other 240,853 261,461 261,735 279,095 301,119 60,266 25.0
  Dividends, interest, and rent 3/ 160,312 165,156 168,546 178,597 184,634 24,322 15.2
  Population 4/ 32,302 32,518 32,501 32,529 32,416 114 0.4
  Per capita personal income 34,136 35,421 35,422 36,576 38,536 4,400 12.9
  Per capita net earnings 20,623 21,319 21,272 21,678 22,744 2,121 10.3
  Per capita personal current transfer receipts 8,550 9,023 8,964 9,408 10,097 1,547 18.1
    Per capita income maintenance 776 768 778 765 756 -20 -2.6
    Per capita unemployment insurance compensation 318 214 132 62 51 -267 -84.0
    Per capita retirement and other 7,456 8,041 8,053 8,580 9,289 1,833 24.6
  Per capita dividends, interest, and rent 4,963 5,079 5,186 5,490 5,696 733 14.8
  Earnings by place of work 647,061 679,823 700,773 718,227 737,794 90,733 14.0
    Wages and salaries 448,591 474,128 491,037 497,109 520,130 71,539 15.9
    Supplements to wages and salaries 127,407 133,634 133,022 141,723 140,653 13,246 10.4
      Employer cont. for empl. pension & insur. funds 6/ 93,149 97,417 95,563 104,155 101,591 8,442 9.1
      Employer cont. for government social insurance 34,258 36,217 37,459 37,568 39,062 4,804 14.0
    Proprietors' income 71,063 72,061 76,714 79,395 77,011 5,948 8.4
      Nonfarm proprietors' income 10,928 3,388 6,813 6,638 -3,251 -14,179 -129.7
      Farm proprietors' income 60,135 68,673 69,901 72,757 80,262 20,127 33.5
Total full-time and part-time employment 15,989 16,422 16,548 16,313 16,653 664 4.2
  Wage and salary jobs 12,930 13,358 13,503 13,266 13,534 604 4.7
  Number of proprietors 3,059 3,064 3,045 3,047 3,119 60 2.0
    Number of nonfarm proprietors 7/ 594 552 554 547 541 -53 -8.9
    Number of farm proprietors 2,465 2,512 2,491 2,500 2,578 113 4.6
Average earnings per job (dollars) 40,469 41,397 42,348 44,028 44,304 3,835 9.5
  Average wages and salaries 34,694 35,494 36,365 37,472 38,431 3,737 10.8
  Average nonfarm proprietors' income 24,396 27,338 28,061 29,103 31,133 6,737 27.6
Dollar items are in current dollars (not adjusted for inflation). Per capita items in dollars; other dollar items in thousands of dollars.
See related notes.

6.2. Cost of Living Indexes   go top
Updated periodically. Available in subscription edition.

6.3. Cost of Doing Business Indexes   go top
Updated periodically. Available in subscription edition.

6.4. Consumer Price Index   go top
Updated monthly. Available in subscription edition.

6.5. Gross Domestic Product by Sector   go top
Updated quarterly, annually. For more information, detail & to compare areas use interactive table. Additional detail in subscription edition.

6.6. Establishments, Employment & Earnings by Detailed Type of Business go top
Updated quarterly. For more information, detail & to compare areas use interactive table.

Use the following links to access detailed establishment and employment data by type of business (CSV files).
  .. see notes on using these files.
  2013Q1 .. 2013Q2 .. 2013Q3 .. 2013Q4 .|. 2014Q1 .. 2014Q2 .. 2014Q3 .. 2014Q4 .|. 2015Q1 .. 2015Q2 .. 2015Q3 .. 2015Q4 .. 2016Q1 .. 2016Q2
 
6.7. Labor Market Characteristics & Trends go top
Updated monthly. Available in subscription edition.
For more information, detail & to compare areas use interactive table.
Table shows 13 most recent months.
  ItemAug15Sep15Oct15Nov15Dec15Jan16Feb16Mar16Apr16May16Jun16Jul16Aug16
Unemplymnt Rate 4.6 4.1 4.3 4.5 4.5 5.2 5.6 5.6 5.1 4.5 4.9 4.6 4.9
Unemployment 698 625 649 692 684 795 871 879 797 724 792 735 778
Employment 14,547 14,618 14,562 14,567 14,440 14,403 14,574 14,698 14,850 15,274 15,404 15,269 15,136
Labor Force15,24515,24315,21115,25915,12415,19815,44515,57715,64715,99816,19616,00415,914

7. Education Infrastructure   go top

7.1. Component School District Characteristics   go top
Districts in this metro. Updated periodically. See related School District interactive table.
District NameCity Name District
Code
Locale
Code
CountyState2012-13
Enrollment
2013 Total
Population
Grade Relevant
Pop Ages 5-17
Madison Consolidated SchoolsMadison 18061203218077IN 3,039 23,018 3,707
Southwestern-Jefferson Co ConHanover 18108004118077IN 1,289 9,440 1,444

Number of districts: 2 ... Total enrollment: 4,328
All school districts interactive tables General Demographics | Social | Economic | Housing
All school districts enrollment & adminstratively reported data interactive table.

7.2. Component Higher Education Institution Characteristics   go top
2014-15 School Year. Extended detail Available in subscription edition.
  Institution City Name Code LevelTotal UG EnrollmentFulltime UG EnrollmentTotal Grad EnrollmentFulltime Grad Enrollment
Hanover College Hanover, IN1507565 1,145 1,134 0 0

  Number of institutions: 1 ... Total undergraduate enrollment: 1,145
  Levels: 3-Assoc degree, 4-at least 2, but < 4 years, 5-Bach degree, 6-Postbacc cert, 7 Masters degree, 8 Post-masters cert, 9 Doctors degree

8. GeoPolitics   go top
Updated periodically. Voting patterns, citizen voting age population, state legislative districts, congressional districts .. in this metro.
Available in subscription edition.

Notes
  • All data are for current vintage county and metro definition.
  • Developed by ProximityOne -- Metro Reports (888-364-7656)
  • Data sources: ProximityOne, Census Bureau, Bureau of Economic Analysis, Bureau of Labor Statistics, Federal Housing Finance Agency,
    National Center for Education Statistics.

Updates go top
The subscription edition updates frequently. Selected items are listed below. Register to receive update notifications.
  • Overview lead narrative; quarterly & annual/March.
  • Housing Price Index (section 5.4) quarterly.
  • Establishments, employment & earnings (section 6.6) quarterly.
  • Economic profile and personal income (section 6.1) annual/November.
  • Labor market situation (section 6.7) monthly.
  • Residential construction; units authorized & value (section 5.3.) monthly.
  • Population by county; annual series 2010-2016 (section 4.2.) annual/July.
  • Population by county; links for individual counties (section 4.2.) annual/July.
      -- includes annual data 2010-2016.
      -- includes components of change; race/origin; single year of age; age group summaries.
  • Total population and components of change; annual/March.
  • Census tracts overview section; annual/December.
  • General Demographics section updated/extended; annual/December.
  • Gross Domestic Product section; annual/September.
  • Higher education institutions; annual/February.
  • Metro & county demographic component detailed annual estimates; annual/March.
  • School districts in metro & K-12 enrollment; annual/August.
More about schedule and upcoming events ... Calendar ... Upcoming Events ... Find Event

Terms of Use go top
Situation & Outlook Reports are a proprietary resource developed by ProximityOne. There is no warranty of any type associated with any aspect of this report. The user of this document is solely responsible to any use, direct or indirect, that might be made of this document.

Related Resources go top
  • Metros main page
  • Current estimates and projections: states to 2030, counties & metros to 2020 by age, counties & states to 2060.
  • Making Custom Metropolitan Area Maps
  • Rental Market Conditions by Metropolitan Area
  • Metro Gross Domestic Product
  • Housing Price Index
  • Establishments, Employment & Earnings
  • Regional Economic Information System
  • ACS 2014 1-year General Demographics ... Social Characteristics ... Economic Characteristics ... Housing Characteristics

Using this Document go top
The Situation & Outlook Report, a component of the Situation & Outlook, is a core ProximityOne information resource providing insights into characteristics and trends of counties, metropolitan areas, states and the U.S. The Report also provides a gateway to drill-down demographic, economic and business data for smaller geographic areas.

Metropolitan areas include approximately 94 percent of the U.S. population -- 85 percent in metropolitan statistical areas (MSAs) and 9 percent in micropolitan statistical areas (MISAs).

About Metropolitan Areas & Principal Cities -- scroll section go top
Metropolitan Areas are designated by OMB ("Standards for Delineating Metropolitan and Micropolitan Statistical Areas") based mainly on Census Bureau-sourced data. Metropolitan areas are defined as Metropolitan Statistical Areas (MSA) and Micropolitan Statistical Areas (MISA). MSAs and MISAs are also referred to a Core-Based Statistical Areas (CBSAs). Contiguous CBSAs are defined as Combined Statistical Areas (CSA).

By definition, metropolitan areas are comprised of one or more contiguous counties. Metropolitan areas are not single cities and typically include many cities. Metropolitan areas are comprised of urban and rural areas and often have large expanses of rural territory. A business and demographic-economic synergy exists within each metro; metros often interact with adjacent metros. The demographic-economic make-up of metros vary widely and change often. See more about metros.

Principal Cities. The largest city in each metropolitan or micropolitan statistical area is designated a "principal city." Principal cities are designated by OMB based on Census-sourced data. Additional cities qualify as principal cities if specified requirements are met concerning population size and employment. The title of each metropolitan or micropolitan statistical area consists of the names of up to three of its principal cities and the name of each state into which the metropolitan or micropolitan statistical area extends. Titles of metropolitan divisions also typically are based on principal city names but in certain cases consist of county names.

One or more principal cities are designated within each Metropolitan Statistical Area (MSA) and Micropolitan Statistical Area (MISA). The term "principal city" is defined in the OMB "Standards for Delineating Metropolitan and Micropolitan Statistical Areas." A principal city is an OMB designation applied to one or more incorporated places and/or census designated places (CDPs). The OMB standards designate a Principal City (or Cities) of a Core-Based Statistical Area (CBSA) as determined by:
  a) The largest incorporated place with a 2010 Census population of at least 10,000 in the CBSA or,
        if no incorporated place of at least 10,000 population is present in the CBSA,
        the largest incorporated place or census designated place in the CBSA; and
  b) Additional places with 2010 Census population of at least 250,000 or in which 100,000 or more persons work; and
  c) Additional places with 2010 Census population of 50,000-250,000,
        and number of workers working in the place meets or exceeds the number of workers living in the place; and
  d) Additional places with 2010 Census population of 10,000-50,000, and at least one-third the population size of the largest place,
        and in which the number of workers working in the place meets or exceeds the number of workers living in the place.

ProximityOne User Group go top
Join the ProximityOne User Group to keep up-to-date with new developments relating to metros and component geography decision-making information resources. Receive updates and access to tools and resources available only to members. Use this form to join the User Group.

Support Using these Resources go top
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Additional Information go top
ProximityOne develops geographic-demographic-economic data and analytical tools and helps organizations knit together and use diverse data in a decision-making and analytical framework. We develop custom demographic/economic estimates and projections, develop geographic and geocoded address files, and assist with impact and geospatial analyses. Wide-ranging organizations use our tools (software, data, methodologies) to analyze their own data integrated with other data. Follow ProximityOne on Twitter at www.twitter.com/proximityone. Contact us (888-364-7656) with questions about data covered in this section or to discuss custom estimates, projections or analyses for your areas of interest.

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