Madison, AR County is a great place to live due to its affordable living costs. The average 2 bedroom rent in the county is $930 which is much lower than the national average of $1430. Additionally, the Grocery Cost Index in Madison is 94 compared to 100 at a national level. This makes it an ideal place for those looking for an affordable cost of living without sacrificing necessary items like groceries. Some popular local companies in Madison are JCPenney Catalog Center, Home Depot, Walmart, and Tyson Foods Incorporated. These businesses provide residents with jobs and help make this county an attractive place to live.
Madison County has an unemployment rate of 3.8%. The US average is 6.0%.
Madison County has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 38.6%, which is higher than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Madison County is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison County
- The average income of a Madison County resident is $19,930 a year. The US average is $28,555 a year.
- The Median household income of a Madison County resident is $47,862 a year. The US average is $69,021 a year.