Madison, WI, USA to EST (2024)

FAQs

What salary do you need to live comfortably in Madison, WI? ›

In any case, a family of four could live comfortably on a little more than $4,000 a month or approximately $48,000 per year.

Madison is the third-best city to live in the U.S. in 2024

U.S. News ranked Wisconsin's capital city third for the best quality of life in the U.S. in 2024. The Madison metro area's population is just over 674,500, U.S. News reported, and the median age of residents is 36.5 years old.

Entertainment and Cultural Events. Madison is home to a number of great museums, arts & music venues and festivals, unique local shopping, award-winning restaurants, sporting events, and so much more. Larger metropolitan areas of Milwaukee, Chicago, and Minneapolis are easily accessible by bus.

Madison, the only other Wisconsin city ranked in the study, came in at 47th – with middle-class incomes ranging from $45,071 to $134,540 and a median income of $67,270.

Madison, WI housing market

In May 2024, the median listing home price in Madison, WI was $450K, trending up 12.5% year-over-year. The median listing home price per square foot was $248. The median home sold price was $426.5K.

A 2022 Pew Research Center analysis found a family of three with a household income of $156,000 could be considered among the upper class, albeit on the lower end (that benchmark can vary based on where you live).

If you make $100,000 a year living in the region of Wisconsin, USA, you will be taxed $27,410. That means that your net pay will be $72,590 per year, or $6,049 per month. Your average tax rate is 27.4% and your marginal tax rate is 36.6%.

As of Jun 13, 2024, the average hourly pay for a $50000 in Wisconsin is $22.20 an hour. While ZipRecruiter is seeing salaries as high as $38.09 and as low as $12.62, the majority of $50000 salaries currently range between $18.94 (25th percentile) to $27.64 (75th percentile) in Wisconsin.

The total crime rate in Madison is 28.3% lower than the total crime rate in Milwaukee.

Is Madison worth moving to? ›

A: As one of the best places to live in Wisconsin, Madison offers plenty of fun outdoor recreation activities, along with top-tier restaurants and bars. Affordable housing and great school options also make it a popular place for many to consider.

The cost of living in Madison, WI is 6% higher than the state average and 4% higher than the national average. Madison, WI housing is 0% as the U.S average, while utilities are about 9% pricier.

“Madison has big city perks — like a buzzing food scene and deep intellectual capital — in a smaller package that's walkable, convenient and surrounded by nature.”

Wisconsin Madison

Along with being a great place to settle down and start a family, it's the place to be if you're seeking a change in your career. It's one of the top cities for jobs, with an unemployment rate of just 2.8 percent. You'll also have easy access to larger cities like Milwaukee, Chicago, and Minneapolis.

Madison has long been a center for progressive political activity, protests, and demonstrations, and contemporary Madison is considered the most politically liberal city in Wisconsin.

The cost of living in Madison, WI is 6% higher than the state average and 4% higher than the national average. Madison, WI housing is 0% as the U.S average, while utilities are about 9% pricier.

Defining a 'good' salary is subjective and depends on various factors like location, job market, and personal expenses. For example, an income of $100,000 may be considered a good salary in some areas of Wisconsin but may not be sufficient in areas with a higher cost of living.

The average annual household income in Madison is $94,746, while the median household income sits at $70,466 per year. Residents aged 25 to 44 earn $78,101, while those between 45 and 64 years old have a median wage of $86,799.