Economy in Madison, WI

Madison, WI is a beautiful city located in the southern part of the state. It has many advantages, such as its affordable rent for two bedroom apartments at $1,460 and low grocery cost index of 98 compared to 100 in the US. This makes it an ideal location to live in for those looking to save money while still enjoying a comfortable lifestyle. Madison is home to well-known companies such as Epic Systems Inc., American Family Insurance, TDS Telecom, Alliant Energy Corp., and WPS Health Solutions Inc. Each business offers unique opportunities and provides quality jobs for people living in Madison.

Madison has an unemployment rate of 3.3%. The US average is 6.0%.

Madison has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.

Tax Rates for Madison
- The Sales Tax Rate for Madison is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison is 6.3%. 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 $31,659 a year. The US average is $28,555 a year.
- The Median household income of a Madison resident is $70,466 a year. The US average is $69,021 a year.