Madison, Tennessee is a vibrant city with a population of 37115 people. The average two bedroom rent in Madison is $1,350 per month, which is slightly lower than the US national average of $1430. The grocery cost index in Madison stands at 99 compared to 100 on the US index, making it an affordable place to live. Major local companies include Volkswagen Group of America's plant located there, as well as Cracker Barrel Headquarters and Asurion’s corporate office. There are also small businesses such as restaurants, retail stores, and entertainment venues throughout the city that contribute to the economy.
Madison (zip 37115) has an unemployment rate of 4.5%. The US average is 6.0%.
Madison (zip 37115) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 48.3%, which is higher than the US average of 33.5%.
Tax Rates for Madison (zip 37115)
- The Sales Tax Rate for Madison (zip 37115) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 37115) 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 (zip 37115)
- The average income of a Madison (zip 37115) resident is $20,150 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 37115) resident is $52,448 a year. The US average is $69,021 a year.