Madison, TX County is an ideal location for those looking for affordable living. The 2 bedroom rent in Madison is $880 compared to the US average of $1,430. This makes it a great place to settle down and save money. Additionally, the grocery cost index in Madison is 95 compared to 100 in the US, which further demonstrates that living in Madison can be more affordable than other parts of the country.
In addition to its affordability, Madison offers a variety of amenities and services that make it an attractive community for individuals and families alike. The county is home to many local companies such as John Deere Agriculture Equipment Plant, Madison Specialty Products Inc., Walmart Distribution Center, and Alteon Training LLC. These organizations provide employment opportunities and are great sources of economic development within the county.
Overall, living in Madison County provides residents with a cost-effective lifestyle that includes plenty of quality services and businesses. Residents can enjoy all that the county has to offer without breaking their budget or sacrificing quality.
Madison County has an unemployment rate of 8.0%. The US average is 6.0%.
Madison County has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 3.9%, which is lower than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 6.8%. 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 $15,222 a year. The US average is $28,555 a year.
- The Median household income of a Madison County resident is $59,923 a year. The US average is $69,021 a year.