Madison, MS
Discover how far your salary goes in Madison. Compare taxes, rent, and living costs.
27,747
5.0%
$865
/month
-38%
below avg
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Rent Prices in Madison
Studio
$692
/month
$8,304/year
1 Bedroom
$865
/month
$10,380/year
2 Bedroom
$1,168
/month
$14,016/year
3 Bedroom
$1,513
/month
$18,156/year
Taxes in Mississippi
State Income Tax
Mississippi
For a $100k salary, that's ~$5,000/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Madison, MS?▼
Madison has a cost of living index of 74, which is 26% below the national average. A 1-bedroom apartment costs around $865/month.
What is the state income tax in Mississippi?▼
Mississippi has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Madison?▼
The median rent for a 1-bedroom apartment in Madison is $865/month. For a 2-bedroom, expect to pay around $1,168/month. This is 38% below the national average.
Is Madison a good place to live?▼
Madison is a town with a population of 27,747. The cost of living is very affordable, making it more affordable than average for the US.
See the complete picture for Madison
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