Madison Heights, MI is a city located in Oakland County. With a population of just over 30,000 people, the cost of living in Madison Heights is quite low. The average two-bedroom rental cost is $1,200, while the US average is $1,430. Grocery costs are also low with an index score of 94 compared to 100 in the US.
The city of Madison Heights is home to many local businesses and attractions. Notable companies include Chrysler Technical Center (CTC) and Botsford Commons Senior Living Campus. Popular attractions in the area include Red Oaks Waterpark and the Detroit Zoo. Residents also have access to nearby bike trails and parks like Daniel Murphy Park & Recreation Area and Civic Center Park.
Madison Heights (zip 48071) has an unemployment rate of 5.0%. The US average is 6.0%.
Madison Heights (zip 48071) has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Madison Heights (zip 48071)
- The Sales Tax Rate for Madison Heights (zip 48071) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Madison Heights (zip 48071) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison Heights (zip 48071)
- The average income of a Madison Heights (zip 48071) resident is $35,731 a year. The US average is $37,638 a year.
- The Median household income of a Madison Heights (zip 48071) resident is $58,537 a year. The US average is $69,021 a year.