Melbourne, FL is a beautiful city located on the east coast of Florida. It is home to many local businesses such as Harris Corporation, Northrop Grumman, and Health First. The cost of living in Melbourne is relatively affordable with a two bedroom rent being $1,470 per month, which is only slightly higher than the US two bedroom rent average of $1,430 per month. Additionally, the Grocery Cost Index in Melbourne and the US are both at 100. Overall, Melbourne provides an affordable lifestyle for those seeking to reside in Florida's coastal region.
Melbourne has an unemployment rate of 4.7%. The US average is 6.0%.
Melbourne has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%.
Tax Rates for Melbourne
- The Sales Tax Rate for Melbourne is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melbourne is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Melbourne
- The average income of a Melbourne resident is $24,355 a year. The US average is $28,555 a year.
- The Median household income of a Melbourne resident is $55,543 a year. The US average is $69,021 a year.