Madison, SD is a great place to live because of its affordability. The 2 bedroom rent is approximately $820 compared to the US average of $1,430. It also has a reasonable cost of living as the Grocery Cost Index is 100 versus 100 in the US. Madison is known for its art galleries, historic sites, and outdoor activities at local parks. Some popular companies in this city are Sysco Distribution Center, Sanford Health, and 3M Companies. Visitors can also enjoy the many attractions such as Galleries on Main Street, Old Courthouse Museum, and Lake Herman State Park. All these reasons make Madison an ideal place to call home.
Madison has an unemployment rate of 3.0%. The US average is 6.0%.
Madison has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 6.5%. 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 $21,272 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $58,564 a year. The US average is $69,021 a year.