Madison is located in southeast Indiana. Madison is between the Jefferson, Ripley, Switzerland county. Madison has 8.57 square miles of land area and 0.27 square miles of water area. As of 2010-2014, the total Madison population is 12,033, which has grown 0.24% since 2000. The population growth rate is much lower than the state average rate of 7.60% and is much lower than the national average rate of 11.61%. Madison median household income is $45,569 in 2010-2014 and has grown by 29.86% since 2000. The income growth rate is much higher than the state average rate of 17.25% and is higher than the national average rate of 27.36%. Madison median house value is $119,300 in 2010-2014 and has grown by 29.67% since 2000. The house value growth rate is about the same as the state average rate of 30.12% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Madison is close to the state average in quality. The Madison area code is 812.