Madison Charter Township is located in Michigan and is home to a growing number of businesses that are helping to shape the economic landscape in the area. Companies such as Meijer, Walmart, and Home Depot are investing heavily in this township, offering essential services that are helping to create jobs and drive investment into the community. In addition, 2 bedroom rent for Madison charter township is $910 which is significantly lower than the US average of $1430, making it an attractive place for many renters looking for good value. The Grocery Cost Index in Madison charter township is also lower than the US average at 93 versus 100 respectively. This demonstrates the potential savings available to residents when shopping around their local stores. Ultimately, with businesses continuing to move into Madison charter township, it appears that the future of this community's economy looks very bright indeed.
Madison charter has an unemployment rate of 5.5%. The US average is 6.0%.
Madison charter has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Madison charter
- The Sales Tax Rate for Madison charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison charter
- The average income of a Madison charter resident is $21,610 a year. The US average is $37,638 a year.
- The Median household income of a Madison charter resident is $59,641 a year. The US average is $69,021 a year.