Zip 53719 (Madison, WI) Economy


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Madison, WI 53719 is a great place to live with plenty of opportunities for families. The average 2 Bedroom rent in Madison is $1,580 which is slightly higher than the US average of $1,430. Grocery Cost Index in Madison is 98 versus 100 in the US which makes it a good place for people who are looking for more affordable grocery options. A few local companies worth mentioning are Epic Systems Corporation, CUNA Mutual Group, American Family Insurance Group, and TDS Telecom. The cost of living index in Madison is 111.2 compared to the national average of 100 making it an expensive city to live in but one that can provide great job prospects and high quality of life.

Madison (zip 53719) has an unemployment rate of 3.3%. The US average is 6.0%.

Madison (zip 53719) 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 53719)
- The Sales Tax Rate for Madison (zip 53719) is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Madison (zip 53719) 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 53719)
- The average income of a Madison (zip 53719) resident is $36,978 a year. The US average is $28,555 a year.
- The Median household income of a Madison (zip 53719) resident is $85,098 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMadison, WisconsinUnited States
  3.36
  -3.6%-6.2%
  37.9%33.5%
  5.5%6.2%
  6.3%4.6%
  $48,142$37,638
  $85,098$69,021
  $110,410$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  2.4%6.8%
  10.0%10.0%
  1.2%2.5%
  10.2%11.0%
  1.4%4.8%
  0.5%0.8%
  6.2%1.9%
  9.8%4.7%
  1.0%1.9%
  15.8%7.6%
  0.4%0.1%
  2.4%4.2%
  9.5%9.3%
  14.6%14.0%
  0.9%2.1%
  5.8%7.0%
  3.8%4.8%
  4.1%4.7%
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