2025 Compare Cities Economy:
Independence, KY vs Madison, IN

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Highlights
- Household income in Madison, is 43% less than it is in Independence and is 46% below the National Average.
- Independence unemployment rate is 4.3%.
- Madison unemployment rate is 4.3%.
 Independence, KYMadison, INUnited States
 Unemployment Rate  Unlock4.3%6.0%
 Recent Job Growth  Unlock-0.5%1.6%
 Future Job Growth40.5%  Unlock33.5%
 Sales Taxes6.0%  Unlock6.2%
 Income Taxes  Unlock3.6%4.6%
 Income per Cap.$33,952  Unlock$37,638
 Household Income  Unlock$47,392$69,021
 Family Median Income$88,408  Unlock$85,028
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 Est. Households By Income
 Independence, KYMadison, INUnited States
 Income Less Than 15K  Unlock18.7%9.4%
 Income between 15K and 20K2.4%  Unlock3.8%
 Income between 20K and 30K  Unlock10.4%8.1%
 Income between 30K and 40K7.1%  Unlock8.0%
 Income between 40K and 50K  Unlock9.6%7.6%
 Income between 50K and 60K7.0%  Unlock7.2%
 Income between 60K and 75K  Unlock6.7%9.6%
 Income between 75K and 100K18.0%  Unlock12.8%
 Income between 100K and 150K  Unlock9.0%16.3%
 Income between 150K and 200K9.8%  Unlock7.8%
 Income greater than 200K  Unlock2.7%9.5%
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 Population By Occupation
 Independence, KYMadison, INUnited States
 Management, business, finance16.8%  Unlock16.4%
 Engineering, computers, science  Unlock4.9%6.5%
 Community, social services2.4%  Unlock1.8%
 Legal  Unlock0.2%1.2%
 Education, library5.8%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology6.2%  Unlock6.2%
 Healthcare support  Unlock1.2%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock3.3%5.4%
 Building maintenance2.2%  Unlock3.6%
 Personal care  Unlock3.6%2.6%
 Sales, office, administrative support21.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.6%0.6%
 Construction, extraction, maintenance/repair6.5%  Unlock8.1%
 Production, transportation, material moving  Unlock26.2%13.1%
Reviews for Independence    2 Reviews

population and cost of living here is inaccurate. Many people esp. in the Independence area are pouring here from Ohio. The median cost of homes is a generalization if  More

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Over 12 years ago

The Learning Center is a family run childcare service. We pride ourselves in working with parents to ensure the proper learning environment for their children.With a  More

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Reviews for Madison    5 Reviews

We have one of the best schools in Indiana (Shaw) and a great downtown area, with something going on all the time. Come join the  More

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We visited downtown Madison over the weekend and had a great, great time! One of the court house which had burned down was sad, but ran into a few great stores. One  More

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Over 17 years ago

Nothing much to do. Low crime  More

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