Madison, FL is a charming town located in North Florida. It has a low cost of living with an average two-bedroom rent being only $850 compared to the national average of $1,430. The grocery cost index in Madison is 95, which is lower than the US index at 100. Madison also boasts plenty of local businesses such as Madison Realty Group, Adams Tax Service, and Madison Florist Shop that help make it an attractive place to live. Additionally, there are plenty of recreational activities to enjoy and many lush parks where people can relax or walk around. All in all, Madison is a great town that offers affordable housing and many conveniences for its residents.
Madison has an unemployment rate of 5.2%. The US average is 6.0%.
Madison 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
- The Sales Tax Rate for Madison is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Madison 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
- The average income of a Madison resident is $11,843 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $30,781 a year. The US average is $69,021 a year.