47250 Madison, IN is a small city located in the southeastern part of Indiana. With an estimated population of over 6,000 people, Madison is known for its affordable cost of living with 2 bedroom rent being $870 compared to the national average of $1430. The Grocery Cost Index in Madison is also lower than the US, at 95 versus 100. This makes it a great place to settle down and start a family. There are many local companies in Madison which may have relevant job openings such as Duke Energy, Clifty Engineering, BraunAbility and American Structurepoint Incorporated. These employers provide many opportunities for people looking for employment in the area.
Madison (zip 47250) has an unemployment rate of 4.3%. The US average is 6.0%.
Madison (zip 47250) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 47250)
- The Sales Tax Rate for Madison (zip 47250) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 47250) is 3.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 47250)
- The average income of a Madison (zip 47250) resident is $31,376 a year. The US average is $37,638 a year.
- The Median household income of a Madison (zip 47250) resident is $51,547 a year. The US average is $69,021 a year.