Madison, WI is a great city to live in, with plenty of job opportunities and a minimum 2 bedroom rent of $1,280. It is also cheaper than the US average, which stands at $1,430. Grocery costs are also lower than the US index at 97 versus 100 respectively. Local companies such as Alliant Energy and Epic Systems Corporation offer their employees competitive wages and benefits, making them attractive employers for prospective Madison residents. Beyond that, life in Madison has plenty of other advantages as well; from its strong public school system to its abundance of cultural activities and events. With all these factors taken into consideration, it’s easy to see why Madison is an attractive destination for those looking for a new place to call home with a great balance between cost and value.
Madison (zip 53716) has an unemployment rate of 3.3%. The US average is 6.0%.
Madison (zip 53716) has seen the job market decrease by -3.6% 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 53716)
- The Sales Tax Rate for Madison (zip 53716) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 53716) 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 53716)
- The average income of a Madison (zip 53716) resident is $44,113 a year. The US average is $37,638 a year.
- The Median household income of a Madison (zip 53716) resident is $80,966 a year. The US average is $69,021 a year.