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2024 Compare Cities Economy:
Madrid, IA vs Bogota, NJ

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Highlights
- Household income in Bogota, is 55% more than it is in Madrid and is 34% above the National Average.
- Madrid unemployment rate is 3.6%.
- Bogota unemployment rate is 7.4%.

Economy
 Madrid, IABogota, NJUnited States
 Unemployment Rate3.6%7.4%6.0%
 Recent Job Growth-0.1%-0.5%1.6%
 Future Job Growth21.1%25.3%33.5%
 Sales Taxes7.0%6.6%6.2%
 Income Taxes7.4%5.5%4.6%
 Income per Cap.$31,421$44,229$37,638
 Household Income$67,813$104,949$69,021
 Family Median Income$80,375$107,602$85,028
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 Est. Households By Income
 Madrid, IABogota, NJUnited States
 Income Less Than 15K5.8%0.8%9.4%
 Income between 15K and 20K4.2%4.0%3.8%
 Income between 20K and 30K8.1%5.3%8.1%
 Income between 30K and 40K10.0%7.8%8.0%
 Income between 40K and 50K5.1%3.2%7.6%
 Income between 50K and 60K10.5%6.7%7.2%
 Income between 60K and 75K13.1%9.3%9.6%
 Income between 75K and 100K16.6%8.8%12.8%
 Income between 100K and 150K22.8%25.5%16.3%
 Income between 150K and 200K3.8%13.3%7.8%
 Income greater than 200K0.0%15.2%9.5%
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 Population By Occupation
 Madrid, IABogota, NJUnited States
 Management, business, finance13.8%17.0%16.4%
 Engineering, computers, science6.2%8.2%6.5%
 Community, social services0.9%3.4%1.8%
 Legal0.4%0.2%1.2%
 Education, library5.4%6.4%6.2%
 Arts, design, media, sports, entertainment0.3%3.0%2.0%
 Healthcare practitioners and technology6.4%6.6%6.2%
 Healthcare support3.7%4.2%3.3%
 Firefighters, law enforcement1.0%0.7%2.1%
 Food preparation, serving1.0%3.7%5.4%
 Building maintenance6.1%3.3%3.6%
 Personal care2.3%3.7%2.6%
 Sales, office, administrative support29.4%22.3%20.9%
 Farming, fishing, forestry1.0%0.0%0.6%
 Construction, extraction, maintenance/repair12.1%7.1%8.1%
 Production, transportation, material moving10.1%9.9%13.1%

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ZIPS IN MADRID, IOWA
50156
ZIPS IN BOGOTA, NEW JERSEY
07603

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