Madrid, NY is a small city located in St Lawrence County, boasting a population of just over 1,200 people. Despite its small size, Madrid is home to several local businesses that offer products and services to the community. One such business is the Madrid IGA Foodliner, a grocery store that provides affordable groceries and other goods to locals. Another local business is Madrid Hardware & Supply, which sells hardware supplies and outdoor furniture for projects around the house or garden. Additionally, there are also many restaurants in the city that serve up delicious local cuisine to residents and visitors alike. With its friendly atmosphere and abundance of amenities like these, Madrid is an ideal place to call home.
Madrid has an unemployment rate of 6.7%. The US average is 6.0%.
Madrid has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 20.9%, which is lower than the US average of 33.5%.
Tax Rates for Madrid
- The Sales Tax Rate for Madrid is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Madrid is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madrid
- The average income of a Madrid resident is $25,406 a year. The US average is $37,638 a year.
- The Median household income of a Madrid resident is $60,673 a year. The US average is $69,021 a year.