Madison, OH is a thriving community located in Ohio. It is known for its beautiful countryside and small-town charm. The cost of living in Madison, OH is quite affordable with two bedroom rent averaging $1,090 compared to the US average of $1,430. Additionally, the grocery cost index in Madison is 97 versus 100 in the US. A variety of local companies provide services to make life easier for Madison residents. A few examples include Fairway Market for groceries, R & S Tire and Automotive for automotive needs, and Fox’s Pizza Den for delicious pizza night dinners. With these local companies providing convenient access to quality goods and services, it makes living in Madison an enjoyable experience.
Madison has an unemployment rate of 4.5%. The US average is 6.0%.
Madison has seen the job market decrease by -10.1% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Madison
- The Sales Tax Rate for Madison is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Madison 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 Madison
- The average income of a Madison resident is $34,126 a year. The US average is $37,638 a year.
- The Median household income of a Madison resident is $77,000 a year. The US average is $69,021 a year.