Madison, ND is a small town located in the Midwest. It has a population of just over 1,000 people, making it a great place to call home. The cost of living is more affordable than the US average, with a two bedroom rent of $920 and a grocery cost index of 94 compared to 100 in the US. There are plenty of local businesses to enjoy such as Prairie Hills Bank & Trust which offers personal banking services including checking, savings, loans and mortgages. Madison also boasts an array of retail options including Main Street Market Grocery Store for your everyday needs and Country Air Clothing Boutique for trendy fashion finds. Overall, Madison is a great place to live with low cost living expenses and plenty of local businesses to explore.
Madison has an unemployment rate of 4.4%. The US average is 6.0%.
Madison has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 15.1%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Madison is 2.0%. 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 $35,493 a year. The US average is $37,638 a year.
- The Median household income of a Madison resident is $0 a year. The US average is $69,021 a year.