Madison, NE is a small city located in the state of Nebraska. It is an attractive place to live for people who are looking for a quiet and relaxed lifestyle. The cost of living in Madison, NE is much more affordable than most other parts of the country. The average 2 bedroom rent is only $900 compared to the US average of $1,430 which provides plenty of savings for residents. The Grocery Cost Index in Madison, NE is 95 versus 100 in the US, indicating that groceries are even more affordable in Madison.
Madison has some great local companies that provide employment opportunities including Sound Solutions LLC, Specialty Manufacturing Corporation, United Distributing Company and Taylor Pump Services Inc. These businesses help to make Madison an economically stable town with plenty of job prospects for those who wish to move there. All-in-all, Madison, NE offers its residents a great quality of life at an affordable price with plenty of amenities available nearby.
Madison has an unemployment rate of 3.2%. The US average is 6.0%.
Madison has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 27.6%, 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 6.8%. 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 $19,324 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $52,702 a year. The US average is $69,021 a year.