62060 Madison, IL is an area with an affordable cost of living compared to the U.S. average. The two bedroom rent for this location is $890, while the U.S. two bedroom rent averages at $1,430. Additionally, the grocery cost index for 62060 Madison is 91/100 in comparison to the U.S., further illustrating the affordability of this area. As such, renters looking for a place to move into can look forward to saving money by moving to 62060 Madison. \nLocal companies that could provide services to these renters include A-1 Moving and Storage Inc., Tri-City Plumbing & Heating Co., Home Services at The Home Depot - Collinsville, and Midwestern Exterminators Inc.. These businesses could help renters with moving into their new home, installing or repairing appliances and plumbing fixtures, getting supplies for their new space or ensuring pest control during their stay in Madison.
Madison (zip 62060) has an unemployment rate of 5.4%. The US average is 6.0%.
Madison (zip 62060) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 62060)
- The Sales Tax Rate for Madison (zip 62060) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 62060) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 62060)
- The average income of a Madison (zip 62060) resident is $21,634 a year. The US average is $37,638 a year.
- The Median household income of a Madison (zip 62060) resident is $32,113 a year. The US average is $69,021 a year.