Madison, WI Metro Area has a lot to offer its residents. It is home to some of the most prominent companies in the United States such as Epic Systems, American Family Insurance, and Alliant Energy. The area also offers an affordable cost of living with the average two bedroom rent being $1,310 compared to the national average of $1,430. In addition to housing, the grocery cost index in Madison is 96 versus 100 nationally making it even more affordable for local families. All this makes Madison a great place to live and work with plenty of opportunities available for those looking to start a business or find employment.
Madison Metro Area has an unemployment rate of 3.7%. The US average is 6.0%.
Madison Metro Area has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Madison Metro Area
- The Sales Tax Rate for Madison Metro Area is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison Metro Area is 6.3%. 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 $32,778 a year. The US average is $28,555 a year.
- The Median household income of a Madison Metro Area resident is $77,519 a year. The US average is $69,021 a year.