Madison, SD
Discover how far your salary goes in Madison. Compare taxes, rent, and living costs.
6,191
None! 🎉
$952
/month
-32%
below avg
How far would your salary go in Madison?
Enter your income to get a personalized breakdown vs 50+ cities
Rent Prices in Madison
Studio
$762
/month
$9,144/year
1 Bedroom
$952
/month
$11,424/year
2 Bedroom
$1,285
/month
$15,420/year
3 Bedroom
$1,666
/month
$19,992/year
Taxes in South Dakota
State Income Tax
South Dakota
No State Income Tax!
South Dakota doesn't tax wages—keep more of every paycheck.
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, SD?▼
Madison has a cost of living index of 88, which is 12% below the national average. A 1-bedroom apartment costs around $952/month.
What is the state income tax in South Dakota?▼
South Dakota has no state income tax! This can save you thousands of dollars per year compared to states with income tax.
How much is rent in Madison?▼
The median rent for a 1-bedroom apartment in Madison is $952/month. For a 2-bedroom, expect to pay around $1,285/month. This is 32% below the national average.
Is Madison a good place to live?▼
Madison is a small town with a population of 6,191. The cost of living is below average, making it more affordable than average for the US. A major advantage is zero state income tax.
See the complete picture for Madison
Our free calculator shows your exact take-home pay, tax breakdown, and how Madison compares to 50+ other cities.
Calculate My SalaryFree • No signup • 10 seconds