32340 Madison, FL is an affordable area with lots of amenities available for residents. The two bedroom rent in the local area is $800 compared to the national average of $1,430, making it a great choice for those on a budget. Additionally, the grocery cost index in Madison is 95 compared to 100 in the US, making groceries more affordable here as well.
The city has plenty of local companies that offer jobs. Major employers include Nutrien Ag Solutions Inc., Madison County Schools and Monroe Regional Medical Center. There are also plenty of retail stores such as Walmart Supercenter and Publix Super Market that provide employment opportunities for locals. Residents can also find work at professional services such as Mastec Network Solutions and Madison Telephone Company.
Madison (zip 32340) has an unemployment rate of 5.2%. The US average is 6.0%.
Madison (zip 32340) 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 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 32340)
- The Sales Tax Rate for Madison (zip 32340) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 32340) 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 32340)
- The average income of a Madison (zip 32340) resident is $19,725 a year. The US average is $37,638 a year.
- The Median household income of a Madison (zip 32340) resident is $35,230 a year. The US average is $69,021 a year.