Madison County · Alabama · South · 60k residents
Madison, AL: economy, jobs & business costs
The site-selection read on Madison: labor costs, talent, corporate tax, energy, and business activity, with the Alabama median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,528/wk. Alabama's corporate income tax rate is 6.5%. Commercial electricity averages 13.6¢/kWh.
Compare Madison side by side
Avg. weekly wage
$1,528/wk
Corporate income tax
6.5%
Bachelor's degree or higher
64.5%
Commercial electricity
13.6¢/kWh
Economic momentum
How fast Madison's economy is moving, ranked against the US cities we track.
56/100
Steady
Ranks Madison's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $398,800 |
| Price per sq. ft. | $150 |
| Property tax rate | 0.4% |
| 1-bedroom rent | $1,287/mo |
| 2-bedroom rent | $1,329/mo |
| State & local income tax | 4.41% |
| Sales tax | 9.3% |
| Corporate income tax | 6.5% |
| Avg. weekly wage | $1,528/wk |
| Bachelor's degree or higher | 64.5% |
| Commercial electricity | 13.6¢/kWh |
| Businesses per 1k residents | 34.7/1k |
| Wage: Software developer | $128,080 |
| Wage: Registered nurse | $77,090 |
| Wage: General manager | $136,340 |
| Wage: Customer service | $38,400 |
| Wage: Warehouse worker | $34,620 |
| Wage: Heavy truck driver | $56,690 |
| Wage: Electrician | $58,500 |
| Wage: Retail salesperson | $33,120 |
| Cost of living index | 95 |
| Groceries index | 97 |
| Utilities | $190/mo |
| Transit pass | $45/mo |
| Gas price | $2.95/gal |
| Healthcare index | 92 |
| Childcare (per child) | $750/mo |
| Median household income | $134,655 |
| Unemployment rate | 2.9% |
| Population | 60k |
| Crime index | 55/100 |
| School rating | 4.3/10 |
| Walkability | 34/100 |
| Disaster risk | 95/100 |
| Avg. commute | 25 min |
| Sunny days / year | 215 days |
| July high | 92°F |
| January low | 33°F |
| Annual snowfall | 2 in |
| Home price YoY | +0.9% |
| Home price MoM | -0.1% |
| Rent YoY | +1.5% |
| Rent MoM | -0.1% |
| Employment (jobs) YoY | +2.3% |
| Building permits YoY | -59.8% |
| Ocean coast | 304 mi |
| Big lake | 145 mi |
| Mountains | 81 mi |
| Major airport | 10 mi |
| Ski resort | 192 mi |
Popular comparisons
Nearby
- Huntsville, AL · 223k
- Athens, AL · 29k
- Decatur, AL · 57k
- Hartselle, AL · 16k
- Scottsboro, AL · 16k
Similar size
- Dothan, AL · 72k
- Florence, AL · 42k
- Auburn, AL · 81k
- Prattville, AL · 39k
- Vestavia Hills, AL · 39k
Real listings in Madison
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Madison a good place to run a business?
- Alabama's corporate income tax rate is 6.5%; average weekly wages in the surrounding labor market run $1,528/wk; commercial electricity averages 13.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Madison, AL?
- Madison indexes at 95 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,329/mo and a acs median home value of $398,800.
- How much does a house cost in Madison?
- The acs median home value in Madison is $398,800 (Census ACS estimate; individual listings vary).
- How much is rent in Madison?
- A two-bedroom in Madison rents for about $1,329/mo.