Fort Madison, IA is a small city located in the southeastern corner of the state. It has a population of 11,054 with a median household income of $48,976. The city offers a variety of amenities and attractions including many parks and outdoor activities like hiking and biking. Fort Madison is home to various local businesses such as Alco Manufacturing Company, Fort Madison Community Hospital, and Hy-Vee Food Store. Rent for two bedroom apartments averages at $850 while grocery cost index stands at 93 compared to the US rate of 100. With its excellent location and affordable living costs coupled with numerous recreational opportunities, Fort Madison is an ideal place to visit or live.
Fort Madison has an unemployment rate of 5.7%. The US average is 6.0%.
Fort Madison has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 3.4%, which is lower than the US average of 33.5%.
Tax Rates for Fort Madison
- The Sales Tax Rate for Fort Madison is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Madison is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fort Madison
- The average income of a Fort Madison resident is $22,514 a year. The US average is $28,555 a year.
- The Median household income of a Fort Madison resident is $45,713 a year. The US average is $69,021 a year.