Discretionary Income in Madison, WI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Madison, WI is ranked 165th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Madison, WI
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,686
Discretionary Income
$3,043
With a gross annual salary of $100,000 in Madison, WI, you would need to deduct approximately $1,605 per month for taxes. Given that the average cost of living in Madison is $3,686, you would have around $3,043 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Madison, WI, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Madison, WI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Madison, WI |
|---|---|
| $30,000 | -$1,454 |
| $40,000 | -$762 |
| $50,000 | -$70 |
| $60,000 | $609 |
| $70,000 | $1,218 |
| $80,000 | $1,826 |
| $90,000 | $2,434 |
| $100,000 | $3,043 |
| $110,000 | $3,650 |
| $120,000 | $4,241 |
| $130,000 | $4,833 |
| $140,000 | $5,425 |
| $150,000 | $6,016 |
| $175,000 | $7,496 |
| $200,000 | $8,948 |
| $250,000 | $11,560 |
| $300,000 | $14,060 |
| $350,000 | $16,560 |
| $400,000 | $19,060 |
| $450,000 | $21,560 |
| $500,000 | $24,060 |
Discretionary Income in Madison, WI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Madison, WI is ranked 182nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Madison, WI
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$2,470
Discretionary Income
$4,258
With a gross annual salary of $100,000 in Madison, WI, a single person would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Madison is $2,470, singles would have around $4,258 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Madison, WI, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Madison, WI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Madison, WI |
|---|---|
| $30,000 | -$238 |
| $40,000 | $453 |
| $50,000 | $1,145 |
| $60,000 | $1,825 |
| $70,000 | $2,433 |
| $80,000 | $3,042 |
| $90,000 | $3,650 |
| $100,000 | $4,258 |
| $110,000 | $4,865 |
| $120,000 | $5,457 |
| $130,000 | $6,049 |
| $140,000 | $6,640 |
| $150,000 | $7,232 |
| $175,000 | $8,711 |
| $200,000 | $10,163 |
| $250,000 | $12,776 |
| $300,000 | $15,276 |
| $350,000 | $17,776 |
| $400,000 | $20,276 |
| $450,000 | $22,776 |
| $500,000 | $25,276 |
Discretionary Income in Madison, WI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Madison, WI is ranked 163rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Madison, WI
Gross Salary
$8,333
Taxes
$1,605
Cost of Living
$3,666
Discretionary Income
$3,062
With a gross annual salary of $100,000 in Madison, WI, a couple would need to deduct approximately $1,605 per month for taxes. Considering the average cost of living in Madison is $3,666, couples would have around $3,062 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Madison, WI, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Madison, WI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Madison, WI |
|---|---|
| $30,000 | -$1,434 |
| $40,000 | -$742 |
| $50,000 | -$51 |
| $60,000 | $629 |
| $70,000 | $1,237 |
| $80,000 | $1,846 |
| $90,000 | $2,454 |
| $100,000 | $3,062 |
| $110,000 | $3,669 |
| $120,000 | $4,261 |
| $130,000 | $4,853 |
| $140,000 | $5,444 |
| $150,000 | $6,036 |
| $175,000 | $7,515 |
| $200,000 | $8,967 |
| $250,000 | $11,580 |
| $300,000 | $14,080 |
| $350,000 | $16,580 |
| $400,000 | $19,015 |
| $450,000 | $21,431 |
| $500,000 | $23,848 |
Discretionary Income in Madison, WI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Madison, WI is ranked 176th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have less money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Madison, WI
Gross Salary
$8,333
Taxes
$1,344
Cost of Living
$3,623
Discretionary Income
$3,367
With a gross annual salary of $100,000 in Madison, WI, a single parent would need to deduct approximately $1,344 per month for taxes. Considering the average cost of living in Madison is $3,623, single parents would have around $3,367 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Madison, WI, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Madison, WI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Madison, WI |
|---|---|
| $30,000 | -$1,325 |
| $40,000 | -$622 |
| $50,000 | $70 |
| $60,000 | $761 |
| $70,000 | $1,453 |
| $80,000 | $2,145 |
| $90,000 | $2,758 |
| $100,000 | $3,367 |
| $110,000 | $3,975 |
| $120,000 | $4,577 |
| $130,000 | $5,169 |
| $140,000 | $5,760 |
| $150,000 | $6,352 |
| $175,000 | $7,831 |
| $200,000 | $9,310 |
| $250,000 | $11,955 |
| $300,000 | $14,460 |
| $350,000 | $16,960 |
| $400,000 | $19,460 |
| $450,000 | $21,960 |
| $500,000 | $24,460 |
Discretionary Income in Madison, WI in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Madison, WI is ranked 153rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have more money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Madison, WI
Gross Salary
$8,333
Taxes
$1,103
Cost of Living
$4,984
Discretionary Income
$2,247
With a gross annual salary of $100,000 in Madison, WI, a family would need to deduct approximately $1,103 per month for taxes. Considering the average cost of living in Madison is $4,984, families would have around $2,247 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Madison, WI, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Madison, WI in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Madison, WI |
|---|---|
| $30,000 | -$2,628 |
| $40,000 | -$1,919 |
| $50,000 | -$1,212 |
| $60,000 | -$520 |
| $70,000 | $172 |
| $80,000 | $863 |
| $90,000 | $1,555 |
| $100,000 | $2,247 |
| $110,000 | $2,938 |
| $120,000 | $3,606 |
| $130,000 | $4,215 |
| $140,000 | $4,823 |
| $150,000 | $5,431 |
| $175,000 | $6,952 |
| $200,000 | $8,473 |
| $250,000 | $11,462 |
| $300,000 | $14,420 |
| $350,000 | $17,379 |
| $400,000 | $20,283 |
| $450,000 | $22,908 |
| $500,000 | $25,509 |