Hanover vs Madison

A side-by-side comparison of Hanover and Madison: population, income, housing, and more.

Hanover and Madison are places in Indiana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Madison has the higher population (12,277 vs 3,584 in Hanover). Hanover has the higher median household income ($58,194 vs $57,050 in Madison). Madison has the higher median home value ($186,600 vs $126,300 in Hanover).

Population, income & housing

	Hanover	Madison
Population	3,584	12,277
Median age	28.8 yrs	45.0 yrs
Median household income	$58,194	$57,050
Median home value	$126,300	$186,600
Median gross rent	$913	$827
Housing units	1,066	5,661
Homeownership rate	67.8%	58.3%
Bachelor's degree or higher	16.3%	20.8%
Unemployment rate	5.8%	4.5%

Trends (ACS 5-year, 2019–2023)

	Hanover	Madison
Population	3,427 → 3,584 (+4.6%)	11,813 → 12,277 (+3.9%)
Median household income	$46,585 → $58,194 (+24.9%)	$40,231 → $57,050 (+41.8%)
Median home value	$95,200 → $126,300 (+32.7%)	$133,000 → $186,600 (+40.3%)
Median gross rent	$734 → $913 (+24.4%)	$720 → $827 (+14.9%)

Hanover

Population

3,4273,584

Median household income

$46,585$58,194

Median home value

$95,200$126,300

Median gross rent

$734$913

Madison

Population

11,81312,277

Median household income

$40,231$57,050

Median home value

$133,000$186,600

Median gross rent

$720$827

Age & race/ethnicity

Age distribution (share)

	Hanover	Madison
Under 5	5.1%	4.7%
5 to 17	10.3%	12.1%
18 to 24	29.1%	8.6%
25 to 34	14.6%	10.3%
35 to 44	8.8%	14.2%
45 to 54	7.8%	14.7%
55 to 64	11.2%	14.9%
65 to 74	6.3%	11.9%
75 and over	6.9%	8.6%

Race & ethnicity (share)

	Hanover	Madison
White (non-Hispanic)	95.5%	91.3%
Black or African American	0.9%	2.2%
American Indian & Alaska Native	0.0%	0.1%
Asian	0.4%	1.1%
Native Hawaiian & Pacific Islander	0.2%	0.0%
Some other race	0.0%	0.6%
Two or more races	2.2%	2.5%
Hispanic or Latino	0.8%	2.3%

Educational attainment (age 25+)

Share of adults 25+

	Hanover	Madison
No high school diploma	12.7%	11.1%
High school graduate	35.2%	34.9%
Some college or associate's	35.9%	33.1%
Bachelor's degree	9.7%	12.6%
Graduate or professional degree	6.6%	8.3%

Commute to work

How workers get to work (share)

	Hanover	Madison
Drove alone	64.6%	84.2%
Carpooled	11.5%	6.8%
Public transit	0.0%	0.0%
Walked	15.2%	1.7%
Bicycle	0.6%	0.0%
Worked from home	4.2%	6.2%
Other means	3.9%	1.1%

Housing

Units in structure (share)

	Hanover	Madison
1-unit, detached	76.0%	60.7%
1-unit, attached	1.7%	8.9%
2 to 4 units	6.1%	17.5%
5 to 19 units	5.3%	8.2%
20 or more units	1.0%	2.5%
Mobile home & other	9.9%	2.2%

Poverty & households

	Hanover	Madison
Poverty rate	11.2%	14.7%
Average household size	2.75	2.28
Mean commute (minutes)	19	20
Median year structure built	1971	1962