Madelia, MN is a small city with a population of 56062 located in the Midwest region of the US. It is an affordable place to live with 2 bedroom rent at $900 compared to the US average of $1,430. Additionally, grocery cost index in Madelia is 96 compared to 100 in the US. Living in Madelia offers plenty of activities and amenities like The Alliance Bank, Automotive Solutions Inc., Parkside Grocery Store, R & J Variety Store and K-Bob’s Steakhouse. All these businesses offer great local products and services along with delicious food.
Madelia (zip 56062) has an unemployment rate of 4.5%. The US average is 6.0%.
Madelia (zip 56062) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Madelia (zip 56062)
- The Sales Tax Rate for Madelia (zip 56062) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Madelia (zip 56062) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madelia (zip 56062)
- The average income of a Madelia (zip 56062) resident is $29,585 a year. The US average is $28,555 a year.
- The Median household income of a Madelia (zip 56062) resident is $65,268 a year. The US average is $69,021 a year.