Madison, MN (56256) is a vibrant city with an affordable cost of living. You can find 2 bedroom rent in the area at $740, which is lower than the average national two bedroom rent of $1,430. Additionally, grocery costs are also lower in Madison with a local index of 93 versus 100 in the US. With its low cost of living and convenient amenities, there are many great companies located in Madison. These include businesses such as 3M Corporation, Andersen Corporation, and Ecolab Corporation. All three offer competitive salaries and benefits packages that make them great places to work and grow professionally.
Madison (zip 56256) has an unemployment rate of 4.5%. The US average is 6.0%.
Madison (zip 56256) 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 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 56256)
- The Sales Tax Rate for Madison (zip 56256) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 56256) 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 Madison (zip 56256)
- The average income of a Madison (zip 56256) resident is $36,868 a year. The US average is $37,638 a year.
- The Median household income of a Madison (zip 56256) resident is $52,670 a year. The US average is $69,021 a year.