Average Income in Madison, WI
About Madison, Wisconsin
Madison anchors Wisconsin's economy as a state capital and education hub with government, education, healthcare, and technology across 10 ZIP codes. State government employment anchors the economy with stable positions and strong benefits. University of Wisconsin drives education, research, and academic employment. Healthcare employment through UW Health and others provides professional opportunities. Technology companies have grown with the university and downtown revitalization. Government contractor and defense-related employment support additional positions. Downtown and Eastside areas attract younger professionals and cultural development. North, South, and West Madison offer diverse residential areas. Wisconsin's moderate income tax (up to 7.65%) and no sales tax on groceries help manage costs. Housing costs have risen with tech sector growth but remain reasonable. The combination of government, education, and growing technology creates relative income stability and opportunity. Population growth and education quality attract talent, supporting future economic expansion.
All 10 ZIP Codes in Madison, WI
| ZIP Code | Avg AGI ▼ | Returns | National Rank | % Under $25K | % Over $200K |
|---|---|---|---|---|---|
| 53705 | $139,144 | 12,820 | #2,062 | 19.3% | 15.8% |
| 53711 | $120,519 | 26,280 | #2,888 | 18.0% | 13.6% |
| 53717 | $119,542 | 6,870 | #2,959 | 18.8% | 14.4% |
| 53719 | $89,457 | 17,910 | #6,354 | 17.4% | 7.9% |
| 53703 | $86,289 | 13,450 | #7,069 | 27.1% | 7.4% |
| 53704 | $84,526 | 25,640 | #7,472 | 22.8% | 4.6% |
| 53718 | $81,105 | 10,460 | #8,433 | 16.8% | 4.9% |
| 53715 | $67,671 | 3,980 | #14,169 | 35.2% | 5.3% |
| 53714 | $64,735 | 8,920 | #15,843 | 22.7% | 2.1% |
| 53706 | $16,715 | 130 | #27,585 | 100.0% | 0.0% |
Nearby Major Cities
Closest cities with 50,000+ tax returns filed, sorted by distance from Madison.
| City | State | Avg AGI | Returns | ZIPs | Distance |
|---|---|---|---|---|---|
| Rockford | IL | $61,024 | 82,110 | 8 | 57 mi |
| Milwaukee | WI | $64,423 | 239,400 | 20 | 73 mi |
| Racine | WI | $67,743 | 62,510 | 5 | 83 mi |
| Kenosha | WI | $66,177 | 53,930 | 4 | 84 mi |
| Appleton | WI | $86,320 | 63,610 | 4 | 99 mi |
| Aurora | IL | $60,603 | 68,870 | 3 | 105 mi |
| Naperville | IL | $167,679 | 79,280 | 4 | 112 mi |
| Lincolnwood | IL | $87,261 | 51,300 | 3 | 113 mi |
| Chicago | IL | $100,730 | 1,041,890 | 46 | 123 mi |
| Green Bay | WI | $87,144 | 53,620 | 3 | 123 mi |