Madison, KS (Zip code 66860) is an affordable place to live with 2 bedroom rent averaging $720 per month. Grocery costs are below the national average at 90 compared to 100 in the US. Various local companies contribute to the economy including Big Iron Equipment, Formosa Plastics and K-State Research and Extension which offer good job opportunities for residents. Other key employers include Madison Community Hospital, Alexanderwohl Mennonite Church and Madison Farms. Despite relatively low housing costs, the overall cost of living is still higher than other cities in Kansas due to its close proximity to Topeka and Manhattan.
Madison (zip 66860) has an unemployment rate of 3.6%. The US average is 6.0%.
Madison (zip 66860) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 66860)
- The Sales Tax Rate for Madison (zip 66860) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 66860) is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 66860)
- The average income of a Madison (zip 66860) resident is $20,015 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 66860) resident is $52,563 a year. The US average is $69,021 a year.