Madison, IN is a small city located in the Southern part of Indiana. It is known for its friendly suburban atmosphere and its affordability. The average 2 bedroom rent in Madison is $840 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Madison is 95 compared to 100 nationally. Some of the local companies that can be found in Madison are Hall Signs & Graphics, Rediscover Madison County Inc., and Kreg Tool Company all offering a range of services or products for residents and visitors alike.
Madison has an unemployment rate of 4.3%. The US average is 6.0%.
Madison has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Madison is 3.6%. 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 $26,459 a year. The US average is $37,638 a year.
- The Median household income of a Madison resident is $47,392 a year. The US average is $69,021 a year.