Madison, CA is a vibrant city known for its diverse culture and flourishing businesses. With its warm climate and low unemployment rate, Madison has become an attractive place to live and work. There are many popular companies located in the area such as Google, Amazon, Microsoft, Facebook, and Apple. The cost of living in Madison is quite high compared to the US average; 2 bedroom apartments rent for around $1,730, which is higher than the national average of $1,430. Grocery costs are also higher in Madison with an index score of 103 compared to 100 in the US. All-in-all, Madison is a great place to live but can be expensive due to its growing popularity as well as its highly desirable location near Silicon Valley.
Madison has an unemployment rate of 6.4%. The US average is 6.0%.
Madison has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Madison is 9.3%. 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 $13,982 a year. The US average is $37,638 a year.
- The Median household income of a Madison resident is $42,696 a year. The US average is $69,021 a year.