Madison, NH is a small town located in the heart of New Hampshire. It has a population of about 3,400 people according to the 2010 census and it is known for its afforability. Housing costs in Madison are well below the US average, with a 2 bedroom rental averaging about $1,200 compared to $1430 across the US. Furthermore, Madison's grocery cost index is around 108 compared to 100 nationally.
The town has many local companies that have helped boost its economy. Popular stores include Pembroke Mall, where shoppers can find clothing, gifts and more; Anderson's Grocery Store which offers groceries at competitive prices; North Point Lumber & Hardware where you can find all your home improvement needs; and Meridian Furniture which offers quality furniture for every home. Together these businesses help contribute to Madison's thriving economy.
Madison has an unemployment rate of 3.6%. The US average is 6.0%.
Madison has seen the job market decrease by -10.8% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Madison is 0.0%. 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 $43,110 a year. The US average is $37,638 a year.
- The Median household income of a Madison resident is $87,273 a year. The US average is $69,021 a year.