Madison, MO is a small town located in Missouri. It has a close-knit community made up of people from diverse backgrounds and cultures. The cost of living is relatively low compared to the US average, with a 2 bedroom rent of $760 compared to the US average of $1,430. The grocery cost index in Madison is also lower than the national average at 93 versus 100.
Although Madison is a small town there are still plenty of things to do. There are numerous local companies such as Anderson Landscaping Supply and Design, Madison City Garage, and Red Roof Inn that provide jobs for residents. It’s also home to several attractions like The Gathering Place which provides educational programs for all ages or Mariposa Café for some great food. With its low cost of living and various amenities Madison, MO makes a great place to call home.
Madison has an unemployment rate of 4.9%. The US average is 6.0%.
Madison has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 5.7%. The US average is 7.3%.
- The Income Tax Rate for Madison is 5.9%. 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 $16,216 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $43,750 a year. The US average is $69,021 a year.