Madison, NY is a small town located in the Finger Lakes region of New York. It is known for its pleasant rural atmosphere and low cost of living. The average rent for a two bedroom apartment in Madison is a very affordable $1,100 compared to the US average of $1,430. Grocery costs are also quite reasonable with an index cost of 99 compared to 100 in the US. This makes Madison an attractive option for those seeking a more relaxed lifestyle without sacrificing their budget. The town is home to some great local businesses such as Fresh Farms Market, Madtown Coffee House, and Pinewood Antiques & Collectibles. With its picturesque setting and low cost of living, Madison is a great place to call home!
Madison has an unemployment rate of 6.3%. The US average is 6.0%.
Madison has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Madison 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 Madison
- The average income of a Madison resident is $24,241 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $63,571 a year. The US average is $69,021 a year.