Madison Heights, VA is a great place to live. With rent for 2 bedrooms being just $820 compared to the US average of $1,430, it is an affordable option for those looking to relocate. People living in Madison Heights can also benefit from the lower than average Grocery Cost Index – 97 versus 100 in the US. Those looking for convenience will find many local businesses and amenities such as ABC Store, Madison Burger Restaurant and Madison Pharmacy, as well as nearby movie theatres and shopping centers. With so much to offer, it's no wonder why Madison Heights is becoming a popular destination for home buyers.
Madison Heights has an unemployment rate of 4.8%. The US average is 6.0%.
Madison Heights has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Madison Heights
- The Sales Tax Rate for Madison Heights is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Madison Heights is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison Heights
- The average income of a Madison Heights resident is $21,971 a year. The US average is $28,555 a year.
- The Median household income of a Madison Heights resident is $49,928 a year. The US average is $69,021 a year.