With approximately 258,000 residents, Madison is the second largest city in the state of Wisconsin. The city, located within Dane County, is an important economic center for the state. The city is also well known for being the home of some of the largest technological and financial companies in the state.
Some of these businesses include Google, Microsoft, and Zendesk, which have regional offices in Madison. Some of the city’s major employers include Epic Systems Corp, American Family Insurance, Sub-Zero, and WPS Health Insurance.
Madison’s annual Gross Domestic Product was nearly $52 billion in 2018, and some of the area’s most important economic activities include educational services, healthcare, retail, manufacturing, technical services, and finance.
Madison is also home to the University of Wisconsin–Madison, one of the largest higher education institutions in the state. The university enrolls nearly 50,000 students every year through its undergraduate and graduate programs.
The city’s workforce consists of approximately 146,000 people, and the median household income is close to $60,000. Additionally, the median property value is $223,300, which is slightly higher than the state’s median property value of $202,029.
If you live in Madison, you might be able to benefit from personal loans in Madison, for a variety of financial needs. These days, the process of applying and obtaining a personal loan is easier than it once was due to the advantages of online lenders.