\nMadison, ID County is an attractive place to live due to the affordable cost of living. The average two-bedroom rental rate in Madison, ID County is $930 compared to the US average of $1,430, making it a great choice for those looking for more affordable housing options. The local grocery cost index is also lower than the national average at 92 versus 100 in the US. There are many local businesses in Madison, ID County such as Madison Valley Bank and Courtesy Auto Sales that offer a wide range of services and products to help make life more comfortable and convenient for those living there.
Madison County has an unemployment rate of 2.4%. The US average is 6.0%.
Madison County has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 50.0%, which is higher than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison County is 7.4%. 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 $20,983 a year. The US average is $37,638 a year.
- The Median household income of a Madison County resident is $53,498 a year. The US average is $69,021 a year.