04950 Madison, ME is a small town with a population of 1,764 people. It has a friendly vibe and offers great amenities for its citizens. The cost of living in 04950 Madison, ME is slightly lower than the US average, with 2 Bedroom Rent costing $920 compared to $1,430 in the US. Grocery Cost Index is also lower than the US average at 102 versus 100. For those looking to live in this area, there are several local companies such as Dave’s Auto Repair and Sargent’s Dairy that offer competitive prices and quality services. Additionally, there are numerous amenities available for residents including parks and recreational centers. All in all, 04950 Madison, ME is an inviting place to live with reasonable costs of living and plenty of services provided by local businesses.
Madison (zip 04950) has an unemployment rate of 6.9%. The US average is 6.0%.
Madison (zip 04950) has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 04950)
- The Sales Tax Rate for Madison (zip 04950) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 04950) is 7.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 04950)
- The average income of a Madison (zip 04950) resident is $21,968 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 04950) resident is $44,307 a year. The US average is $69,021 a year.