Madisonville, TX is a great place to live with affordable rent and prices for everyday items. The average two bedroom rate in Madisonville, TX is $860 versus the US average of $1,430, making it much more attainable for people looking to move into the area. Additionally, the Grocery Cost Index in Madisonville is 94 compared to the US index of 100 which makes it even easier on your pocketbook. With plenty of local businesses such as Big Country Ford-Lincoln, Inc., Farm Bureau Insurance - Don Noland Agency Inc., and Leona's Auto Service Center there are many opportunities to shop locally and support your community. Overall, Madisonville offers a great quality of life with its affordability and access to local businesses.
Madisonville has an unemployment rate of 8.0%. The US average is 6.0%.
Madisonville has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 3.9%, which is lower than the US average of 33.5%.
Tax Rates for Madisonville
- The Sales Tax Rate for Madisonville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Madisonville 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 Madisonville
- The average income of a Madisonville resident is $15,386 a year. The US average is $28,555 a year.
- The Median household income of a Madisonville resident is $59,946 a year. The US average is $69,021 a year.