Madisonville, LA is a small town located in Louisiana with a population of around 2,000 people. The cost of living is relatively affordable compared to other US cities; rent for a two-bedroom apartment costs $1,570 per month while the national average is $1,430. Additionally, the grocery cost index in Madisonville is 100 which is the same as the national average.
The town has many local businesses such as G&H Automotive Repair and Parts, J&J's Burgers & Subs, Green Frog Electronics, D&D Grills and Cajun Cuisine, and more. These businesses offer locals goods and services that are unique to the area.
Overall, Madisonville offers an affordable cost of living compared to other US towns that include low rent rates and grocery costs on par with the rest of the country. Local businesses provide goods and services that make it an attractive option for those looking for a quiet place to call home.
Madisonville has an unemployment rate of 4.4%. The US average is 6.0%.
Madisonville has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Madisonville
- The Sales Tax Rate for Madisonville is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Madisonville is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madisonville
- The average income of a Madisonville resident is $40,183 a year. The US average is $28,555 a year.
- The Median household income of a Madisonville resident is $98,672 a year. The US average is $69,021 a year.