Is $60K a Good Salary in Madison, WI?
Full budget breakdown for Madison on $60K/year — take-home after taxes, rent burden, what you can afford, and how it compares to the city median.
Monthly budget in Madison on $60K
US average equivalent
$62,000
Your $60K in Madison (COL: 97) buys the same as $62,000/yr in a city with average US cost of living.
vs Madison median
-12%
The median household income in Madison is $68,000/yr. You're earning 12% below that.
Cities where $60K goes further
These cities have a lower rent burden at $60K than Madison.
Other salary levels in Madison
Frequently asked questions
Is $60K a good salary in Madison?
$60K/year in Madison gives you approximately $3,408/month in take-home pay after federal and state taxes. With a median 1BR rent of $1,650/month, your rent burden is 48% of take-home — which is considered difficult. Madison is on the expensive side for this salary, ranking #135 out of 179 cities.
How much is $60K after taxes in Madison?
On $60K/year in Madison (WI), you take home approximately $3,408/month after federal income tax, 7.7% WI state income tax, and FICA. That is roughly $40,896/year net.
What is the cost of living in Madison on $60K?
Monthly estimated costs in Madison: rent $1,650, groceries ~$384, transportation ~$62, utilities ~$162, internet ~$63. Total estimated expenses: ~$2,321/month, leaving ~$1,087/month after essentials on a $60K salary.
Tax estimates use 2026 brackets · Rent data: Zillow Observed Rent Index · Budget figures are estimates for general guidance only