New Madison, Ohio, is a small city located in Darke County. It has a population of around 4,500 people and offers a peaceful lifestyle with plenty of natural beauty. The cost of living in New Madison is quite affordable due to its low rental prices for 2-bedroom apartments at just $800 per month. Additionally, grocery costs are below the average for the United States, with a grocery index of 95 compared to the national average of 100. There are several local businesses that offer great products and services to residents. Walmart and Meijer are both nearby for grocery shopping, while Toledo Tool & Die provides quality precision machining services and J&M Automotive specializes in automotive repairs. With its low cost of living and excellent local amenities, New Madison offers an ideal place to live or visit.
New Madison (zip 45346) has an unemployment rate of 3.7%. The US average is 6.0%.
New Madison (zip 45346) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for New Madison (zip 45346)
- The Sales Tax Rate for New Madison (zip 45346) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for New Madison (zip 45346) is 4.7%. The US average is 4.6%.
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Income and Salaries for New Madison (zip 45346)
- The average income of a New Madison (zip 45346) resident is $28,630 a year. The US average is $37,638 a year.
- The Median household income of a New Madison (zip 45346) resident is $61,759 a year. The US average is $69,021 a year.