Madison, WI — income, home value, property tax, and sales tax.
In ZIP code 53706, on Madison’s near west side, median household income sits at just $6,053, while per-capita income reaches $4,797. Those figures reflect a student-heavy population rather than a conventional wage-earning base, so everyday spending power is limited. A 5.50% combined sales tax applies to purchases, and the county-level property tax rate of 1.63% would weigh heavily on any owner-occupied housing here. With earnings this low, housing costs and sales taxes together consume a large share of available funds, leaving little slack for savings or discretionary purchases.
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