The small town of Madison, NC (zip code 27025) is a great place to live for those looking for an affordable cost of living. The average 2 bedroom rent in Madison is $770 compared to the US average of $1,430, making it one of the most economical places to live. Additionally, the Grocery Cost Index in Madison is 93 versus 100 in the US, making it a great spot for budgeting shoppers. In Madison, shoppers can find many local stores such as Food Lion, Walmart Supercenter and Ingles Markets where they can purchase groceries at great rates. For example, a dozen eggs can be bought from Ingles Markets for just $1.99 while comparable prices from other supermarkets can start at $2.49 per dozen eggs.
Madison (zip 27025) has an unemployment rate of 5.4%. The US average is 6.0%.
Madison (zip 27025) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Madison (zip 27025)
- The Sales Tax Rate for Madison (zip 27025) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 27025) is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 27025)
- The average income of a Madison (zip 27025) resident is $22,745 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 27025) resident is $48,033 a year. The US average is $69,021 a year.