Madison, WI — income, home value, property tax, and sales tax.
ZIP code 53715, in Madison, shows the economic strain of a student-heavy, renter-dominated area: median household income sits at $38,996, with per-capita income of $24,740. Yet median home values reach $450,600, an unusual split that reflects a tight housing market rather than broad local wealth. The county's 1.63% effective property tax rate means owners of those homes owe a substantial annual sum, while the 5.50% combined sales tax applies to everyday purchases. Together these figures point to a working-class and student population paying into a tax system shaped by higher-value property nearby.
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