Madison, TN County is a great place to live. It is home to a variety of local businesses such as Lowe's, Target, and Walmart. Rent for two bedrooms in Madison is reasonably priced at $940 compared to the US average of $1,430. Additionally, grocery costs are also lower than average with a Grocery Cost Index of 93 versus 100 for the US. All these factors combined make Madison an attractive place to call home.
Madison County has an unemployment rate of 5.1%. The US average is 6.0%.
Madison County has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Madison County is 0.0%. 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 $28,677 a year. The US average is $37,638 a year.
- The Median household income of a Madison County resident is $51,526 a year. The US average is $69,021 a year.