Madison, CT is an affluent town located in Middlesex county with a population of just over 18,000 residents. The cost of living here is higher than the national average, with two bedroom rents averaging around $2,020. Additionally, the grocery cost index in Madison is 112 compared to 100 in the US. Some of the local companies that call Madison home include Henry's restaurant, S&S craft beer emporium, and Redwood Designs Construction LLC. With its convenient location and close proximity to several popular beaches and attractions, Madison is a great place to visit or live.
Madison (zip 06443) has an unemployment rate of 5.4%. The US average is 6.0%.
Madison (zip 06443) has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 06443)
- The Sales Tax Rate for Madison (zip 06443) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 06443) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 06443)
- The average income of a Madison (zip 06443) resident is $53,221 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 06443) resident is $140,990 a year. The US average is $69,021 a year.