Madeira, OH is a small town located in Hamilton County. It is home to a vibrant business community with local companies such as Madeira Hardware and Madeira Carpet Cleaners. The cost of living in Madeira is higher than the national average. 2 bedroom rent in Madeira is $1,660 compared to the US 2 bedroom rent of $1,430 and the Grocery Cost Index here is 107 versus 100 nationally. Despite this, many people choose to call Madeira home due to the stunning landscape and close-knit community.
Madeira has an unemployment rate of 4.4%. The US average is 6.0%.
Madeira has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Madeira
- The Sales Tax Rate for Madeira is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Madeira is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madeira
- The average income of a Madeira resident is $71,612 a year. The US average is $37,638 a year.
- The Median household income of a Madeira resident is $142,917 a year. The US average is $69,021 a year.