Indiacensus, Mhaswad had a population of 24,120. Males constitute 12,185 of the population and females 11,935. Mhaswad has an average literacy rate of 74.11%, lower than the state average of 82.34: maleliteracy is 80.94%, and female literacy is 67.23%. In Mhaswad, 14% of the population is under 6 years of age.