Melbourne Village, FL is an ideal place to live due to its close proximity to major cities such as Orlando and Daytona Beach. It boasts a wide range of amenities including parks and recreational areas, various restaurants, schools, and a variety of businesses. The 2 bedroom rent in this area is $1,710 which is slightly higher than the US average of $1,430. Similarly, the Grocery Cost Index here is 102 compared to 100 in the US on average. Some local businesses that make up the vibrant economy in Melbourne Village are Brightwok Kitchen, Moo & Brew Craft Burgers and Beer, La Petite Creperie, and Supercar Geeks. All these factors combined make it an attractive place to live for those looking for a great cost of living versus other parts of the US.
Melbourne Village has an unemployment rate of 4.5%. The US average is 6.0%.
Melbourne Village 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 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Melbourne Village
- The Sales Tax Rate for Melbourne Village is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Melbourne Village 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 Village
- The average income of a Melbourne Village resident is $33,098 a year. The US average is $28,555 a year.
- The Median household income of a Melbourne Village resident is $84,821 a year. The US average is $69,021 a year.