Madison, FL County is located in the North Central region of Florida and is known for its large lakes, lush forests, and friendly people. Madison County offers a low cost of living with two bedroom rent averaging $830 per month compared to the national average of $1,430. The Grocery Cost Index in Madison also stands at 95 versus 100 in the US. Local companies include Woodham Farms Trading Company, an agricultural-based business that offers hay bales and vegetable seeds for sale; Haynes Lumber Company, which specializes in lumber supply; and Walters Automotive Parts and Service, which provides auto parts and services.
Madison County has an unemployment rate of 5.2%. The US average is 6.0%.
Madison County has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Madison County is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison County
- The average income of a Madison County resident is $15,664 a year. The US average is $28,555 a year.
- The Median household income of a Madison County resident is $39,503 a year. The US average is $69,021 a year.