Madison, VA County is an area of Virginia with plenty of amenities to enjoy. The county is known for its low cost of living and affordable housing compared to the rest of the United States. The average 2 bedroom rent in Madison is $980, which is significantly lower than the US average 2 bedroom rent at $1,430. Furthermore, the Grocery Cost Index is 106 versus 100 on the US national average. Many popular businesses can be found in Madison such as Walmart, Lowe's Home Improvement store, and CVS Pharmacy. Additionally, there are a variety of restaurants located in the area such as Olive Garden, Red Lobster and Applebee's Neighborhood Grill & Bar. With its convenient access to local shopping and dining experiences combined with its low cost of living, Madison County makes an ideal location for those looking for a relaxed lifestyle and affordable housing opportunities.
Madison County has an unemployment rate of 3.2%. The US average is 6.0%.
Madison County has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Madison County
- The Sales Tax Rate for Madison County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Madison County is 5.8%. 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 $35,538 a year. The US average is $37,638 a year.
- The Median household income of a Madison County resident is $72,349 a year. The US average is $69,021 a year.