Madison Lake, MN (Zip Code 56063) is a great place to live. The average two bedroom rent is $990 compared to the national average of $1,430 making it very affordable. The grocery cost index is 102 in Madison Lake, so shopping for groceries won't break the bank either. \nMadison Lake has plenty to offer with several local companies such as Sweet Spot Bakery and Café, B&B Family Restaurant, and Lakeside Auto Repair. There are also many amenities nearby such as parks, hiking trails, golf courses, and the outdoor adventure park called \"Valhall\". All of these features make Madison Lake a great place to call home.
Madison Lake (zip 56063) has an unemployment rate of 3.9%. The US average is 6.0%.
Madison Lake (zip 56063) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Madison Lake (zip 56063)
- The Sales Tax Rate for Madison Lake (zip 56063) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Madison Lake (zip 56063) 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 Lake (zip 56063)
- The average income of a Madison Lake (zip 56063) resident is $37,624 a year. The US average is $28,555 a year.
- The Median household income of a Madison Lake (zip 56063) resident is $101,107 a year. The US average is $69,021 a year.