Madison, WI — income, home value, property tax, and sales tax.
In ZIP code 53703, which covers part of Madison, median household income sits at $47,847 while per-capita income reaches $46,898 — a pairing that points to a largely working-class and student-heavy population rather than an affluent one. Home values tell a different story: a median of $471,800, taxed at 1.63% countywide, which translates into a substantial annual property tax bill. Add Madison's 5.50% combined sales tax, and the overall cost of living here leans heavily on housing and consumption alike, even as earnings trail the value of the real estate around them.
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