Madison Heights, MI is a great place to live due to its affordability. The average rent for a two-bedroom apartment in Madison Heights is $1,190 compared to the US average of $1,430. Grocery costs are also lower than most places in the US with an index of 94 versus 100 across the nation. Residents of Madison Heights have access to a variety of local businesses including Walmart Neighborhood Market, Lowe’s Home Improvement Store, and Papa Joe’s Gourmet Market & Catering. While there are plenty of shopping opportunities, dining options can be found at restaurants such as La Pita Mediterranean Grill and Wings Etc. Madison Heights has a safe atmosphere for families due to well-maintained sidewalks and parks that offer outdoor spaces to enjoy the warm summer months.
Madison Heights has an unemployment rate of 5.0%. The US average is 6.0%.
Madison Heights has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Madison Heights
- The Sales Tax Rate for Madison Heights is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison Heights is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison Heights
- The average income of a Madison Heights resident is $22,740 a year. The US average is $28,555 a year.
- The Median household income of a Madison Heights resident is $58,537 a year. The US average is $69,021 a year.