Can a Data Scientist afford to live in Madison?

Excellent61% of take-home left to save โ€” you can save aggressively here.
Median salary (gross)
Data Scientist ยท Madison
$126,099
Income tax (~31% effective)
United States
โ€“ $38,977
Take-home pay
$7,260/mo
$87,122
Living costs (1 person)
$2,860/mo ยท derived
โ€“ $34,320
Savings potential
$4,400/mo ยท 61% of take-home
$52,802

Single professional, after-tax. Salary โˆ’ tax โˆ’ living costs = what you could save each year.

How we calculated this

โ€ข Salary: BLS OES median for Data Scientist, adjusted for Madison.

โ€ข Tax: United States single-filer effective rate (~31%). Official calculator.

โ€ข Living costs: derived from cost-of-living index for a single professional.

Planning estimates, not financial or tax advice. Updated 2026. Your situation will differ.