Madison, Wisconsin is a vibrant city with plenty of attractions and amenities for residents. The median 2 Bedroom rent in Madison is $1,410 which is slightly lower than the US average of $1,430. The Grocery Cost Index in Madison is 101, which is 1 point higher than the US average of 100. Residents of Madison have access to a variety of services provided by local companies such as Capitol Heating & Cooling that provides home heating and cooling installation and repair services, Mad City Windows & Baths that offers window and bath remodeling services, and Alterra Pest Control providing quality pest control solutions. All these businesses supply locals with necessary products or services while giving back to the community.
Madison (zip 53705) has an unemployment rate of 3.3%. The US average is 6.0%.
Madison (zip 53705) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Madison (zip 53705)
- The Sales Tax Rate for Madison (zip 53705) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 53705) is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Madison (zip 53705)
- The average income of a Madison (zip 53705) resident is $41,407 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 53705) resident is $74,034 a year. The US average is $69,021 a year.