Madison, IN Metro Area is a great place to live with low cost of living compared to the US. The rent for two bedrooms in Madison, IN Metro Area is about $840 which is roughly 41% cheaper than the US average of $1,430. The grocery cost index in Madison is 95 versus 100 in the US, saving you even more money when purchasing groceries. Some of the top companies located in Madison include Crystal Valley Foods, Perfect Pallet LLC Distribution, Nelson-Frazier Funeral Home, and Madison Precision Products Inc. With these lower costs of living and local companies to choose from it's no wonder why so many people are relocating to this area!
Madison Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
Madison Metro Area has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Madison Metro Area
- The Sales Tax Rate for Madison Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Madison Metro Area is 3.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison Metro Area
- The average income of a Madison Metro Area resident is $29,494 a year. The US average is $37,638 a year.
- The Median household income of a Madison Metro Area resident is $53,784 a year. The US average is $69,021 a year.